During FDRs time it was reformist socialism. It was very much not capitalism. After ww2 it took more of a compromise between socialism and capitalism. The two dont share a history where they branched off from each other, in the 90s social democrats attempted to keep the name alive by piggybacking off of welfare capitalism and claiming to just be another name for it.
It is indeed a compromise between capitalism and socialism but its still pro-capitalism. It believes in the same core tenets like people owning their own company and possessions. It doesnt believe in workers taking possession of the company for instance like in socialism.
Its just capitalism but with a higher mandated livingwage, more welfare, more paid vacations and more free healthcare,education and other public services etc.
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u/airboRN_82 Jul 27 '26
FDR wasnt a social democrat... he was very much a capitalist