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Booger says
But do you know what social democracy is?
government spending, and regulation of the private sector are much heavier under social democracy
In a social democracy, individuals and corporations continue to own the capital and the means of production. Much of the wealth, in other words, is produced privately. That said, taxation, government spending, and regulation of the private sector are much heavier under social democracy than would be the case under pure capitalism.
I might not agree with Bernie, but I like him because he seems more genuine and honest than 99.9% of politicians.
That's the problem, people get sucked into "words", because they seem to sound good. But when you get to the "actions" part, the financial and economic realities he proposes will bankrupt the country quickly.
Bernie / Ocasio for Democratic ticket. I think they should just do it.
Goran_K saysCan you explain in detail what it is?
In a social democracy, individuals and corporations continue to own the capital and the means of production. Much of the wealth, in other words, is produced privately. That said, taxation, government spending, and regulation of the private sector are much heavier under social democracy than would be the case under pure capitalism.
Is that detailed enough?
I might not agree with Bernie, but I like him because he seems more genuine and honest than 99.9% of politicians.
Senator will vow to push forward with the 'political revolution' started in 2016
He funded his last campaign via small donations, vowing to take on corporations
He joins an already-crowded Democrat field which includes Elizabeth Warren, Kamala Harris, Amy Klobuchar, Corey Booker and Kirsten Gillibrand
https://www.dailymail.co.uk/news/article-6720493/Bernie-Sanders-announces-running-President-2020.html