What does democratic capitalism mean?
Definitions for democratic capitalism
demo·cratic cap·i·tal·ism
This dictionary definitions page includes all the possible meanings, example usage and translations of the word democratic capitalism.
Wikipedia
Democratic capitalism
Democratic capitalism, also referred to as market democracy, is a political and economic system. It integrates resource allocation by marginal productivity (synonymous with free-market capitalism), with policies of resource allocation by social entitlement. The policies which characterise the system are enacted by democratic governments.Democratic capitalism was implemented widely in the 20th century, particularly in Europe and the Western world after the Second World War. The coexistence of capitalism and democracy, particularly in Europe, was supported by the creation of the modern welfare state in the post-war period. The implementation of democratic capitalism typically involves the enactment of policies expanding the welfare state, strengthening the collective bargaining rights of employees, or strengthening competition laws. These policies are enacted in a capitalist economy characterized by the right to private ownership of property. Catholic social teaching offers support for a communitarian form of democratic capitalism with an emphasis on the preservation of human dignity.
Wikidata
Democratic capitalism
Democratic capitalism, also known as capitalist democracy, is a political, economic, and social system and ideology based on a tripartite arrangement of a market-based economy based predominantly on a democratic policy, economic incentives through free markets, fiscal responsibility and a liberal moral-cultural system which encourages pluralism. This economic system supports a capitalist free market economy subject to control by a democratic political system that is supported by the majority. It stands in contrast to authoritarian capitalism by limiting the influence of special interest groups, including corporate lobbyists, on politics. It is argued that the coexistence of modern capitalism and democracy was the result of the creation of the modern welfare state that allowed for a relatively stable political atmosphere and widespread support for capitalism during the Golden Age of Capitalism in the post-war era. The United States is often seen as having democratic capitalism as its political-economic system, although Robert Reich argues it has become more authoritarian in recent decades.
Numerology
Chaldean Numerology
The numerical value of democratic capitalism in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of democratic capitalism in Pythagorean Numerology is: 5
Translations for democratic capitalism
From our Multilingual Translation Dictionary
- capitalismo democráticoSpanish
- kapitalisme demokratisIndonesian
- ప్రజాస్వామ్య పెట్టుబడిదారీ విధానంTelugu
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"democratic capitalism." Definitions.net. STANDS4 LLC, 2024. Web. 19 Mar. 2024. <https://www.definitions.net/definition/democratic+capitalism>.
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