Social Democracy: Humanising Capitalism for Social Justice (Edexcel A-Level Politics): Flashcards

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Social Democracy: Humanising Capitalism for Social Justice
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Social democracy's goal

Reform & humanise capitalism for social justice

Mixed economy

Private enterprise & public sector coexist w/ regulation

Welfare state purpose

Protect citizens from capitalism's inequalities & insecurity

Progressive taxation purpose

Redistribute wealth & fund public services

Humanising capitalism means

Fair wages, job security, decent working conditions

Social democrats' view of human nature

Optimistic - capable of empathy & cooperation

Role of state in social democracy

Strong & active - intervenes for social justice

How social change occurs in social democracy

Via elections, legislation, public debate (democratic)

Why regulate capitalism (social democracy)

Prevent wealth & power concentration

Social investment focus

Human capital: education, healthcare, job training

Scandinavian Model examples

Sweden, Denmark, Norway

Left critique of social democracy

Compromises too much with capitalism

Economic constraint criticism

High taxes & spending may stifle growth

Globalisation threat to social democracy

Capital can move to low-tax, low-regulation countries

Balance sought by social democracy

Individual rights with collective responsibility

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