According to your view what conditions are essential for ‘Social democracy’? Explain.
Answers
Answer:
Social democracy is a political, social and economic philosophy that supports economic and social interventions to promote social justice within the framework of a liberal democratic polity and a capitalist-oriented economy. The protocols and norms used to accomplish this involve a commitment to representative and participatory democracy, measures for income redistribution, regulation of the economy in the general interest and social welfare provisions.[1][2][3] Due to longstanding governance by social democratic parties during the post-war consensus and their influence on socioeconomic policy in the Nordic countries, social democracy became associated with the Nordic model and Keynesianism within political circles in the late 20th century.[4] It has also been seen by some political commentators as a synonym for modern socialism[5][6][7] and as overlapping with democratic socialism.