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Social democracy

Political ideology within the socialist movement

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Social democracy is a social, economic, and political philosophy within socialism that supports political and economic democracy and a gradualist, reformist and democratic approach toward achieving limited 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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