Form of democracy aimed at reforming the economy to remove its perceived injustices and to bring about a more equal distribution of wealth
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Social democracy is a political, social and economic ideology that supports economic and social interventions to promote social justice within the framework of a liberal democratic polity and a capitalist economy. The protocols and norms used to accomplish this involve a commitment to representative and participatory democracy, measures for income redistribution and regulation of the economy in the general interest and welfare state provisions. Social democracy thus aims to create the conditions for capitalism to lead to greater democratic, egalitarian and solidaristic outcomes. Due to longstanding governance by social democratic parties and their influence on socioeconomic policy development in the Nordic countries, in policy circles social democracy has become associated with the Nordic model in the latter part of the 20th century.
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