Differences Between Democracy And Democracy
Social democracy functions on a foundation of capitalism, like liberalism. They believe in private property and open markets. They reject communist calls for a revolution, and believe change can come democratically. Based on the ideals of Eduard Bernstein. Social Democracy departs from liberalism in its attempt to balance individual freedom and collective equality. Social democrats are more cautious than liberals about the benefits of private property and market forces, while still acknowledging that they do have a place in an governmental system. They believe that unchecked economic development produces great inequality by concentrating the wealth in the hands of the few, this ideal comes from communism. This can polarize society of rich versus poor. The state is not a threat to society or economy, but the a creator of social rights that are otherwise lost in the market. The state should make available a wide array of public goods. These can include health care, pensions and higher education. Strong state regulation takes precedence over competition. Trade is advocated for as long as it does not endanger domestic jobs and businesses. Higher level of social expenditures to ensure basic benefits for all. This comes through taxes. Taxes are much higher in social democracies than in liberal states. Social democracy can avoid the excesses of liberalism, while still encouraging entrepreneurial activity. Great equality can be achieved through taxes, trade, and government