SOCIALDEMOCRACY

Social democracy

Social democracy is a political ideology that officially has as its goal the establishment of democratic socialism through reformist and gradualist methods. Alternatively, social democracy is defined as a policy regime involving a universal welfare state and collective bargaining schemes within the framework of a capitalist economy. It is often used in this manner to refer to the social models and economic policies prominent in Western and Northern Europe during the later half of the 20th century.

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social democracy

Noun

  1. A moderate political philosophy or ideology that aims to achieve socialistic goals within capitalist society such as by means of a strong welfare state and regulation of private industry.
  2. The peaceful and gradual transition from capitalism to socialism by democratic means.
  3. A society based on either of the above.


The above text is a snippet from Wiktionary: social democracy
and as such is available under the Creative Commons Attribution/Share-Alike License.

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