Almost all of the world’s developed countries consider themselves, and are, social democracies: mixed economies with very large governments performing a wide array of welfare and social insurance functions, and removing large chunks of wealth and commodity distribution from the market. The United States is something different. Or is it? Whatever it has been in the past, the US in the future will have to choose whether, and how much, it will be a social democracy.
Almost all of the world’s developed countries consider themselves, and are, social democracies: mixed economies with very large governments performing a wide array of welfare and social insurance functions, and removing large chunks of wealth and commodity distribution from the market. The United States is something different. Or is it? Whatever it has been in the past, the US in the future will have to choose whether, and how much, it will be a social democracy.