What’s the difference between social democracy and a social market economy? Aren’t they not broadly identical?
Tim Worstall, former Journalist
Answered just now
Very similar indeed. Which isn’t much use if you’re Anthony Giddens and want to sell everyone your new idea. So, you propose what is social democracy, call it a social market economy and go count your book royalties.
Sure, that’s cynical but not all that far from the truth either.