Do we need a new word to describe democracies which prioritise equal opportunities, social safety nets, protective regulation, etc..? Socialism is too loaded a

Do we need a new word to describe democracies which prioritise equal opportunities, social safety nets, protective regulation, etc..? Socialism is too loaded a term, and in its classic definition doesn't reflect many societies considered to be some level of socialist. Social democracy comes close but is there some better description of what many people are aiming for? Humanitarian? Ethical? (Although ethical depends upon who defines the ethics!)