Memes

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Global South wouldn't be a fair example since you'd have to factor in historical (and current) exploitation by Western nations. This tends to bolster corruption by having leaders sell out their population to align with Western prerogatives, enriching themselves in the process.

The social democracies in these nations is generally an attempt to protect the populace from Western capitalism moreso than domestic capitalism.

One example would be when the US overthrew the Shah in Iran back in the 50s because they socialized ownership of their oil reserves (previously owned through exploitation by a Western coporation). They staged a coup d'etat to install a pro Western leader so that the Western exploitation could continue. This inevitably led to the Iranian revolution, playing a significant role in Iran's current state as a theocracy.

The Global South, particularly South America, has countless of examples of this. The term banana republic is used to describe this very situation.

This is by no means an indictment on Western culture, just that the global rich will inevitably be in a position to manipulate the global not-so-rich for their own gain. Western nations are the global bourgeoisie.

Nordic nations are a better example of social democracies as they are not subject to the same type of meddling.