Comparative Analysis of Social Democracy, Capitalism and Socialism as Political Philosophy

This article examines the ideological and practical distinctions between sosial democracy capitalism, and socialism. While capitalism emphasizes free markets and private ownership, socialism advocates for collective ownership and economic equality. Social democracy, however, seeks a middle ground by maintaining capitalist structures while implementing robust welfare policies to mitigate inequality. This paper explores the theoretical foundations, economic mechanisms, and policy outcomes of each system, ultimately assessing their strengths and weaknesses in promoting economic growth, social equity, and political stability.