No, Scandinavian countries are capitalist and in fact more economically free than the US. They have little or no nationalization of industry. The Scandinavian socialism meme needs to die.

Much as it irks me to say so, I'm afraid this ship has sailed, at least in American English. For more than half a century, conservatives have been trying to conflate welfare state, and generally any form of wealth redistribution, with socialism. They have succeeded spectacularly, though perhaps not in ways they anticipated, as seen by how broadly popular such redefined "socialism" is among millennials - and how much easier that, in turn, makes it to sell the real thing.