Quote Originally Posted by Muddy View Post
Social democracy is only feasible in Europe because of the profits companies in those countries are able to extract to from the cheap labour and resources from places like Africa. Providing all those social services while still being under capitalism's inefficient distribution of goods is immensely costly and relies on exploiting places outside the given country's borders. Social democracy is fine for the places able to have it but it is not a feasible option for the whole world, nor does it fix the core issues of capitalism.
Fair enough, you make a strong point. I believe social democracy can work well in any 1st world nation like it has in the nordic countries. However, I agree that it would have far less success in 3rd world nations. I acknowledge that capitalism is a flawed system, but I still support it over socialism because most of capitalism's flaws are caused by government interference. Governments created numerous laws to bolster corporations, giving numerous tax cuts to corporations and the richest people in conjunction with corporate welfare is a good part of the reason why capitalism is exploiting many people. Essentially, instead of government mitigating capitalism's worst aspects, it exacerbates it with its policies. Redistributing and reorganizing the way government influences capitalism would go a long way to improving it IMO.