Social democratic theory

Social democratic theory advocates for a political and economic system that combines free-market capitalism with strong social welfare policies. It seeks to achieve social justice and reduce inequality through government intervention, such as progressive taxation, universal healthcare, and education. Social democrats believe that the government should play a significant role in regulating the economy to ensure fair distribution of resources while maintaining individual freedoms. This approach aims to create a more equitable society, where all citizens have access to essential services and opportunities, while still encouraging economic growth and innovation.