Social Democracy and How it Regulates Relationship Between Democracy and Capitalism

Social Democracy
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Social Democracy
Over the years, there has been an increase in debate revolving around social democracy. Interestingly, although most people discuss it, only a few understand what social democracy is and how it can be applied. Social democracy refers to the combination of economic, social, and political philosophy that exists within socialism, which aims at supporting both economic and political democracy. In most instances, social democracy usually advocates for policies that will eliminate oppression and curb inequality of underprivileged groups while employing measures to help eradicate poverty. Some common steps social democracy advocates for include having universally accessible public services.
Even though most people overlook it, social democracy seeks to regulate the relationship between democracy and capitalism. It is critical to check what democracy and capitalism stand for to understand how social democracy affects dem...