Social democracy: Difference between revisions

'''Social democracy''' is a [[Political philosophy|political]], [[Social philosophy|social]], and [[economic philosophy]] within [[socialism]]{{sfnm|1a1=Eatwell|1a2=Wright|1y=1999|1pp=80–103|2a1=Newman|2y=2005|2p=5|3a1=Heywood|3y=2007|3pp=101, 134–136, 139|4a1=Ypi|4y=2018|5a1=Watson|5y=2019}} that supports [[Liberal democracy|political]] and [[economic democracy]] and supports a [[gradualism|gradualist]], [[reformist]] and [[democracy|democratic]] approach towards achieving socialism, usually under a [[social liberal]] framework.{{In what sense|reason=In what way does social democracy work under a social liberal framework? Basically all of the mainstream western ideologies work within the framework of the liberal-democratic nation-state, if this is what it is referring to. Social liberalism is usually accepted as a ideology parrallel with social democracy, not as a superset or subset. What social liberal means in this context is very unclear.|date=April 2024}}{{sfnm|1a1=Wintrop|1y=1983|1p=306|2a1=Archer|2y=1995|3a1=Jones|3y=2001|3p=737|4a1=Ritzer|4y=2004|4p=479}} (regimes which, while remaining fully capitalist, eschew the laissez-faire policies of [[classical liberalism]] in favor of greater government intervention in the economy, increased social services, and so forth). In practice, social democracy takes a form of socially managed [[welfare capitalism]], achieved with [[Mixed economy|partial public ownership]], [[economic interventionism]], and policies promoting [[social equality]].<ref>{{Cite book |last=Lane |first=David |title=Global Neoliberal Capitalism and the Alternatives: From Social Democracy to State Capitalisms |publisher=Bristol University Press |year=2023 |isbn=978-1-5292-2093-3 |location=Bristol |pages=96–114 |chapter=The Decay of Social Democracy}}</ref>