this post was submitted on 21 Sep 2023
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[–] Shurimal@kbin.social 2 points 1 year ago (1 children)

democratic socialism is still a version of capitalism

I think you mean social democracy. Democratic socialism is a form of socialism.

[–] Serdan@lemm.ee 0 points 1 year ago (1 children)

Social democracy is democratic socialism. It's reformist socialism.

What people actually usually mean is social liberalism, which is liberalism with pretensions of empathy.

[–] Shurimal@kbin.social 2 points 1 year ago

No. Social democracy is what nordic countries practice—a capitalist system with relatively strong social and welfare programs. It does not do away with private property and owner class, just tries to reform and regulate it.

Democratic socialism is a socialist system (means of production collectively owned) which is ruled by democratic principles. Instead of reforms and regulations to try and reign in the owner class, it completely does away with private property. You can also have socialist systems ruled non-democratically, by a dictator.