Social Democracy
- Created by: Katie Beaumont
- Created on: 02-06-16 14:22
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- Social democracy
- This supports a broad balance between CAPITALISM and STATE INTERVENTION
- As result of accepting capitalism, it is seen as betrayal.
- Key goal is to 'humanise' capitalism, based on economic efficiency/
- Also aims to endure socialist belief in equality and social justice.
- There are 3 types of social democracy
- Mixed economy
- Economy made up of nationalisation (public industry) and privatisation.
- Atlee nationalised coal, gas, steel, railways and electricity etc.
- Economy made up of nationalisation (public industry) and privatisation.
- Economic management
- Where the economy is managed by the govt (John Maynard Keynes)
- Public spending stimulates growth of full employment.
- Known as KEYNESIANISM
- Public spending stimulates growth of full employment.
- Where the economy is managed by the govt (John Maynard Keynes)
- Comprehensive social welfare
- This is where Atlee's welfare state was expanded based on the Beveridge Report
- Brought about the NHS: 'Cradle to the grave; protection.
- This is where Atlee's welfare state was expanded based on the Beveridge Report
- Mixed economy
- This supports a broad balance between CAPITALISM and STATE INTERVENTION
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