Read this article. In my view, this is good and also inevitable. The world cannot continue to have widening gap in income levels - which is not sustainable. The free market capitalist model has, on balance, failed to produce a better future for the people of the world.
A social democracy is a new named coined to replace "democratic socialism". It is a society that is based on democracy and has social networks, such as unemployment, care for the elderly, health care, education and other activities that give security and a better life for the people.
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