Social democracy

Social democracy is a political, social and economic philosophy within socialism that supports political and economic democracy. As a policy regime, it is described by academics as advocating economic and social interventions to promote social justice within the framework of a liberal democratic polity and a capitalist-oriented mixed economy. The protocols and norms used to accomplish this involve a commitment to representativeand participatory democracy, measures for income redistribution, regulation of the economy in the general interest and social-welfare provisions