I don’t know enough about Western Europe but the North American model prior to the neolib era was also significantly more planned than today. Government-run industries, long-term government funding for industrial development was standard affair. Canada used to run rail, telecom, airlines, media, fossil fuel extraction, housing construction, etc. We didn’t go full-Thatcher like the UK, so there’s still many gov’t corps that remain till present day but most of the aforementioned got privatized. Through those corps, gov’t gave stability and consistency in services and prices for any private firms that used them, beyond the election cycle.