+social democracy
from Social democracy - Wikipedia
As a policy regime,[37] social democracy entails support for a mixed economy and ameliorative measures to benefit the working class within the framework of democratic capitalism.[38] Social democracy currently depicts a chiefly capitalist economy with state economic regulation in the general interest, state provision of welfare services and state redistribution of income and wealth. Social democratic concepts influence the policies of most Western states since World War 2.[39] Social democracy is frequently considered a practical middle course between capitalism and socialism. Social democracy aims to use democratic collective action for promoting freedom and equality in the economy and opposes what is seen as inequality and oppression that laissez-faire capitalism causes.[40]
In the 21st century, it has become commonplace to define social democracy in reference to Northern and Western European countries,[41] and their model of a welfare state with a corporatist system of collective bargaining.[42] Social democracy has also been used synonymously with the Nordic model.[43] Henning Meyer and Jonathan Rutherford associate social democracy with the socioeconomic order in Europe from the post-war period until the early 1990s.[44] Social democratic roots are also observed in Latin America during the early 20th century; this was the case in Uruguay during the two presidential terms of José Batlle y Ordóñez.[45]