Some do. Most don't.
Remember, the deal includes universal health care, tuition-free university, government-backed sick pay, five or six weeks of paid vacation, and more.
I'm from Sweden, which has a similar system. I could not have afforded to attend university in the US system. Here, I could -- with my (government low-interest) student loans being spent only on my living expenses, not tuition. As a result, Sweden has an extra engineer we otherwise wouldn't have, with a good salary contributing to the tax base.
That seems like the opposite of dystopian to me.