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Social Democracy

109 bytes added, 19:01, May 9, 2007
'''Social democracy''' is an ideology of the political Left that emerged from [[socialism]] in the earlier part of the twentieth century. While socialism in the strict sense seeks to destroy [[capitalism]] (in some cases, by violent means) and to replace it with a different social and economic system, social democracy seeks to subject capitalism to regulation and governmental intervention in order to remedy its alleged deficiencies.
It is generally considered that the international Left split into two distinct camps after the Russian Revolution of 1917. The more extreme faction, which sought to achieve radical societal change through revolution, became known as ''communism'', and was associated with the [[Bolshevik|Bolsheviks]] while the less extreme faction, which sought to pursue gradual change through the democratic system, became known as ''social democracy'', which was associated with the [[Menshevik|Mensheviks]].
On one definition, social democrats continue to have the ultimate objective of achieving full socialism, albeit by peaceful means. Others prefer to call such people "democratic socialists", and reserve the term "social democrats" for those who would be content with a society comprising a mixture of capitalist and socialist elements (for example, an economy in which a market operates, but with sizeable governmental intervention, and in which enterprise is possible, but business is subjected to high taxes).
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