Coming from one of the Nordic countries, I would say that I have accepted a social contract that says I pay more in taxes than in other countries, and for those taxes I get "free" healthcare and "free" university education. The contract is that people get something at the beginning and the end of their lives and aren't screwed when they are faced with injury or illness, and pay more than they get during their working years. As someone said on on /., taxes buy me (this particular type of) civilization.
I'd keep that separate from the economic (e.g. private ownership and allocation of resources via somewhat free markets) and legal (e.g. governmental decision making based on majority and strong individual rights) aspects.
Unfortunately, most people confound these different aspects for historical reasons, so they have come to mean "good choices in those factors" and "bad choices in those factors" depending on your POV.