Social Democracy (Noun)
Meaning
The belief in a gradual transition from capitalism to socialism by democratic means.
Classification
Nouns denoting cognitive processes and contents.
Examples
- Many politicians subscribe to the principles of social democracy as an alternative to more radical left-wing ideologies.
- Social democracy often combines elements of government intervention with a capitalist economic framework.
- Social democratic policies emphasize improving public services, redistributing wealth, and implementing a social safety net.
- Historically, some nations transitioned towards a mixed economy via a gradual adoption of social democracy principles.
- Advocates for social democracy contend that achieving greater social and economic equality requires engagement in mainstream electoral politics.