3 ms·
Social democracy is way more than "capitalism with a safety net". It normally advocates a mixed economy in which the means of production may still be owned priv
by n4r9 3y ago
Social democracy is way more than "capitalism with a safety net". It normally advocates a mixed economy in which the means of production may still be owned privately, but the state may have various overriding powers such as:
- Enforcing worker regulations (min wages, max hours etc)
- Provision of essential utilities (water, fuel, education, transport, healthcare etc)
- Fiscal policies (corporation taxes, infrastructure spending, customs duties etc)