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/ Social Liberalism and Capitalism.
One of the major factors for the emergence of SocCap 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 Ordo-Liberalism.
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.
The Social market economy was first introduced to the UK by conservative politician Keith Joseph. Joseph, along with Margaret Thatcher, founded the Centre for Policy Studies in 1973. The Centre is a think tank and pressure group that was originally created to study and promote the social market economy. Joseph wrote the first piece published by the centre, titled "Why Britain needs a social market economy." The conservative party has advocated the implementation of a social market economy, albeit with an emphasis on nationalism.
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 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.
Social Capitalism cares about both the poor and money. Usually being referred to by other ideologies as the most Compassionate Capitalism. He was usually seen giving money to Poor People and helping others. Sometimes it spares its time to plant trees with Eco-Capitalism.
Usually hangs out with Welfarist and Capitalist Ideologies but sometimes also was friends with Environmentalists.
How To Draw
- Draw a ball and fill it with yellow.
- Draw a green rose in the center
- Add eyes
|Yellow||#FFF301||255, 243, 1|
|Green||#008000||0, 128, 0|
- 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 - Yang Gang!
- Christian Democracy - The economic miracle wouldn't have been possible without you.
- Third Way - SocDem, but more private. Your neocon elements have also helped spread me around the world
by war, but still.
- Bismarckism - The closest thing I have 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.
- Helvetic Model - A bit more deregulated than I would like, but still a pretty good guy.
- 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 you simp for the third position. At least you don't go darwinist like one of your relatives.
- 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.
- Capitalist Communism - Uhhh... Based?
- Neoliberalism - You're too unregulated, but Thatcher helped establish a SOME in the UK. Good to see your child fully embraced me.
- 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 - My Cold War rival. Your economy was so crap, you had to build a wall just to keep people in.
- Social market economy
- Humanistic Capitalism
- Democratic Capitalism
- Inclusive Capitalism
- Freiburg Circles
- Social Market Foundation (UK Think tank)
- Origins of the social market economy
- Varieties of Capitalism
- Por Uma Social-Democracia Portuguesa by Francisco Sá Carneiro
- The Economy of Germany by Economics Explained
Credit to u/steamed_hamsters
- A.k.a post-Covid-19 capitalism.