Why Social Democracy Is Failing Europe

Zero Hedge -

Zero Hedge—Authored by Alasdair Macleod via The Mises Institute, There is a certain tension in the phrase, “social democracy,” and the description of someone as a social democrat. Social in this context is socialism by the state. A democrat supports the freedom for individual electors to express and defend personal interests in regular plebiscites. The two positions are incompatible. At this point we should note that in economic terms there is little philosophical difference between European socialism...

Faced with their own demise, Europe’s social democrats are moving left. Their plight mirrors strains — and possible solutions — across the West.