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Social Capitalism, shortened to SocCap also known as Rhine Capitalism, Welfare Capitalism and Social market economy, is an economically centre to centre-right ideology which combines stances from both 
Social Democracy and 
Capitalism.
History
One of the major factors for the emergence of SocCap in 
Germany was to improve the conditions of workers under capitalism in order to prevent the rising threat of 
Marx's socialist movement. Germany implemented the world's first welfare state and universal healthcare program in the 1880s under chancellor 
Otto von Bismarck, who developed a program in which industry and state work closely to stimulate economic growth by giving workers greater security.
Alfred Müller-Armack coined the term "Social market economy (Soziale Marktwirtschaft)" in 1946, it is seen as an evolution of 
ordoliberal thought.
Following the end of WW2, chancellor 
Konrad Adenauer implemented the social market economy model in Allied-occupied Germany. Ludwig Erhard was Adenauer's Minister of Economic Affairs and is primarily responsible for the Wirtschaftswunder.
Variants
Social Market Economy (SOME)
Social market economy is rooted in free market capitalism, 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. This pairing can work and may even be complimentary, as this would decrease poverty and still allow economic freedom.
Main tenets are 
private property, 
free trade, unregulated prices, moderate 
economic intervention, accompanied with 
welfare measures such as pensions, health care, unemployment benefits, and in some cases, universal basic income.
Eco-social Market Economy (ESME)
Eco-social market economy is a type of SOME, which aims at balancing the previously mentioned concepts of social and economic justice, economic freedom with the 
preservation of natural resources.
Kubistchkekism
Portugal Social Democracy
Personality
W.I.P
How To Draw
- Draw a ball and fill it with yellow.
- Draw a green rose in the center
- Add eyes
- Done! :)
| Color Name | HEX | RGB | |
|---|---|---|---|
| Yellow | #FFF301 | 255, 243, 1 | |
| Green | #008000 | 0, 128, 0 | |
Relationships
Friends
Social Democracy - Some of your proponents support me!
Paternalistic Conservatism - Similar to SocDem, but conservative.
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 - They're similar to Ordolib, but more progressive.
Nordic Model - Very good socio-economic model.
Social Libertarianism - Me but libertarian.
Christian Democracy - The economic miracle wouldn't have been possible without you.
Third Way - SocDem, but more private.
Bismarckism - The closest thing to a predecessor.
One-Nation Conservatism - You get it!
Social Georgism - I suppose LVT is a good way to fund welfare.
Social Authoritarianism - If democratically elected plutocrats want to revoke welfare and regulations, it can be good to be a little heavy handed.
Regulationism - Necessary to certain extent.
Frenemies
Capitalism - Dad! You have great ideas, but please have some decency, will you?
Hayekism - You're too laissez-faire for my taste, but at least you still realize the importance of having a basic safety net. Also thanks for (maybe) inspiring my beloved son.
Social Corporatism - Welfare is good and all, but your faltering a bit too much on the capitalist part. I'll still work with you sometimes though.
Welfare Chauvinism - Your desire to restrict welfare to certain people reminds me of 
someone.
AfDism - Like him, calm down a bit. Though it's nice to see that you like Ordolib.
Enemies
National Socialism - Anti-market darwinist who ruined Germany and rejected Müller-Armack's ideas!
Corporatocracy - This is what laissez-faire leads to!
Plutocracy - Same as above.
Austrolibertarianism - For the love of god I'M NOT A SOCIALIST.
Anarcho-Capitalism - You're just flat out delusional.- Social Darwinism - Not like this!
Honeckerism - While my social market economy helped real Germany prosper and keep the People's Car sucsessful, your got crappy trabants that you had to wait several years to get.
Further Information
- Social market economy
Humanistic Capitalism
Democratic Capitalism- Inclusive Capitalism
- Freiburg Circles
- Alfred Müller-Armack
- Konrad Adenauer
- Francisco de Sá Carneiro
- 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
- Por Uma Social-Democracia Portuguesa by Francisco Sá Carneiro
Videos
- The Economy of Germany by Economics Explained
Gallery
-
Original image
-
Credit to u/steamed_hamsters
- ↑ A.k.a post-Covid-19 capitalism.
