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Social Capitalism, shortened to SocCap also known as Rhine Capitalism and Social market economy, is an economically-centrist ideology which combines stances from both 
Social Democracy and 
Capitalism. SocCap believes in a free market alongside economic intervention in order to ensure fair competition, with additional support for a moderate welfare state. It is most commonly manifested in a privatized market economy used as an allocation mechanism, and that output can be increased through moderate economic interventionism on behalf of the state. It thinks this pairing can work and may even be complimentary, as he thinks this would decrease poverty and still allow economic freedom. His main tenets are private property, free trade, unregulated prices, accompanied with welfare measures such as pensions, health care, and unemployment benefits.
How To Draw
- Draw a yellow circle
- Draw a green SocDem rose in the center
- Add eyes
- Done! :)
Relationships
Friends
Capitalism - You have great ideas dad!
Social Democracy - You do too!
Ordo-Liberalism - You did it well in Germany, son.
Eco-Capitalism- I like your ideas and intention to protect us from pollution and contamination.
Social Liberalism - He's similar to my german son.
Nordic Model - Very good socio-economic model.
Christian Democracy - The economic miracle wouln't have been possible without you.
Frenemies
Austrolibertarianism - Central banks are good, you dingus!
Enemies
National Socialism - You ruined Germany and rejected Muller-Armack's ideas!
Further Information
- Social market economy
- Freiburg Circles
- Alfred Müller-Armack
- Konrad Adenauer
- Ludwig Erhard
- Wirtschaftswunder
- Social Market Foundation (UK Think tank)
Literature
- wirtschaftslenkung und marktwirtschaft by Alfred Müller-Armack
- Origins of the social market economy
- Varieties of Capitalism
Videos
- The Economy of Germany by Economics Explained
