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}}. It promotes a mixed economy, wherein both the [[private sector]] and the [[public sector]] play significant roles. It takes a form of socially managed [[welfare capitalism]]., Itand emphasizes [[Market intervention|economic interventionism]], [[Mixed economy|partial public ownership]], a robust [[welfare state]], policies promoting [[social equality]], and a more [[Redistribution of income and wealth|equitable distribution of income]].<ref>https://www.rep.routledge.com/articles/thematic/social-democracy/v-1</ref><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>