Social Democracy Vs Democratic Socialism | Social Democracy and Democratic Socialism Explained EASY

Social Democracy and Democratic Socialism…Are they the same, or are they different? In this video we’ll be comparing and contrasting core philosophies, economic systems, the role of government, welfare, and examples between Social Democracy and Democratic Socialism.

Social democracy advocates for a mixed economy, combining market-oriented capitalism with social policies aimed at reducing inequality and ensuring social justice. Its core philosophy is to strike a balance between the private sector and the government's role in promoting welfare.
Democratic socialism seeks to transform capitalist societies into socialist ones through democratic means. It advocates for the redistribution of wealth and democratization of the economy, where workers have a greater say in decision-making processes.

Encyclopedia Britannica: Social Democracy (https://www.britannica.com/topic/soci...)
Investopedia: Social Democracy (https://www.investopedia.com/terms/s/...)
Encyclopedia Britannica: Democratic Socialism (https://www.britannica.com/topic/demo...)
Investopedia: Democratic Socialism (https://www.investopedia.com/terms/d/...)

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