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Capitalism
(lemmy.world)
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this post was submitted on 21 Sep 2023
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No. Social democracy is what nordic countries practice—a capitalist system with relatively strong social and welfare programs. It does not do away with private property and owner class, just tries to reform and regulate it.
Democratic socialism is a socialist system (means of production collectively owned) which is ruled by democratic principles. Instead of reforms and regulations to try and reign in the owner class, it completely does away with private property. You can also have socialist systems ruled non-democratically, by a dictator.