Social democracy
Political ideology within the socialist movement
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Social democracy is a political, social, and economic philosophy within socialism that supports political and economic democracy and a gradualist, reformist and democratic approach towards achieving socialism. In modern practice, social democracy has taken the form of predominantly capitalist economies, with the state regulating the economy in the form of welfare capitalism, economic interventionism, partial public ownership, a robust welfare state, policies promoting social equality, and a more equitable distribution of income.
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Scholz's SPD party narrowly survive regional election as coalition partners struggle Credit: euronews (in English) Duration: 02:27Published | |
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