Social democracy

Social democracy is a political ideology within socialism.^[1][2] The ideology is named for democracy where people have a say in government actions and it works to introduce socialism while also helping people in need by providing healthcare, education and social welfare.^[3][4][5] This makes it easier for people to support themselves in society by having more protection if they are unemployed or fall into poverty.^[6] As an ideology within socialism, it places an emphasis on equal rights for everyone, and there is plenty of government ownership or regulation of various industries to protect the public interest.^[7][8] The ideology's movement has seen some interest in other countries whose economic systems do not work this way, because it has worked well for those who have it.^[9]

Social democracy is supportive of Keynesian economics, where the government should step in and help people in need or without jobs.^[7][10] Social democracy strives to achieve a balance between capitalism and socialism or a balance between the public sector and private sector in the economy.^[11]

1. ↑ Contemporary political ideologies (2nd ed.). London: Pinter. 1999. pp. 80–103. ISBN 1-85567-605-2. OCLC 39706797.
2. ↑ Newman, Michael (2005). Socialism : a very short introduction. Oxford: Oxford University Press. p. 5. ISBN 978-0-19-151684-9. OCLC 94270255.
3. ↑ Routledge encyclopedia of philosophy. London: Routledge. 1998. p. 827. ISBN 0-415-07310-3. OCLC 38096851.
4. ↑ International encyclopedia of political science. Thousdand Oaks, Calif.: SAGE. 2011. p. 2423. ISBN 978-1-4129-9416-3. OCLC 699482491.
5. ↑ Meyer, Thomas (2007). The theory of social democracy. Lewis P. Hinchman. Cambridge, UK: Polity. ISBN 978-0-7456-4112-6. OCLC 122283497.
6. ↑ Colby, Ira C. (2013). Connecting social welfare policy to fields of practice. Catherine N. Dulmus, Karen M. Sowers. Hoboken, N.J.: Wiley. ISBN 978-1-118-41928-1. OCLC 798809969.
7. ↑ ^{7.0 7.1} Weisskopf, Thomas E. (1992). "Toward a Socialism for the Future, in the Wake of the Demise of the Socialism of the Past". Review of Radical Political Economics. 24 (3–4): 1–28. doi:10.1177/048661349202400302. hdl:2027.42/68447. ISSN 0486-6134. S2CID 20456552.
8. ↑ Routledge encyclopedia of international political economy. New York: Routledge. 2001. ISBN 0-415-24350-5. OCLC 44860825.
9. ↑ "The Happiest Countries In The World (INFOGRAPHIC)". HuffPost. 2013-09-10. Retrieved 2023-05-04.
10. ↑ Heywood, Andrew (2012). Political ideologies : an introduction. Palgrave Macmillan. pp. 125–128. ISBN 978-0-230-36724-1. OCLC 779097284.
11. ↑ Harrington, Michael (2011). Socialism : past and future : the classic text on the role of socialism in modern society. Skyhorse Publishing. p. 93. ISBN 978-1-61145-335-5. OCLC 759166335.