Difference betweeen the liberal capatialist and liberal democratic country
Answers
A liberal democracy is “a democracy based on the recognition of individual rights and freedoms, in which decisions from direct or representative processes prevail in many policy areas." It seems to be based on classial liberalism, the form that recognizes rights and democracy and gave us the U.S. Constitution and the Declaration of the Rights of Man and the Citizen. Social democracy stems from socialism. That is to say, it is a leftist form of liberalism, but still more or less the same. Social democracy is essentially socialist policies in a capitalist and democratic framework. It advocates for egalitarian measures (economic intervention and social reform). Nordic countries are the best example of this. While both advocate democracy, social democracy somewhat differs from liberal democracy as social democracy is more egalitarian and more direct in providing social rights and wealth equality, whereas liberal democracy simply recognizes those rights. Social democracy is relatively more modern, as it was created in response to thr issues that spawned socialism, whereas liberal democracy came earlier. #agarwal❤️