In the late 1970s, the communist version of socialism was at its highest point. this has declined dramatically today with old-style communism found most notably in only Social democracy.
WHAT IS SOCIAL DEMOCRACY?
A left-leaning political, social, and economic theory within socialism that promotes political and economic democracy is known as social democracy. Academics define it as a policy regime that supports economic and social interventions to advance social justice within the framework of a liberal-democratic polity and a mixed economy that is capitalist-oriented.
A dedication to representative and participatory democracy, measures for income redistribution, management of the economy in the public interest, and social welfare policies are the protocols and conventions utilized to achieve this.
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