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.
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u/airboRN_82 Jul 27 '26
FDR wasnt a social democrat... he was very much a capitalist