Social capitalism

Social Capitalism is defined as "Capitalism with Social responsibility". This political philosophy is an evolution of Free market capitalism and Democratic socialism as practiced in USA and largely in the world. In this philosophy is based on the belief that while Free-market capitalism or Market economy produces the best outcome for human progress, we also need appropriate regulations, carefully adjusted incentive structure and basic safety net for the larger good of the society and to preserve human dignity and a sustainable progress.

This term is showing up in the discussion forums starting in middle of 2025 and the concept is evolving in nature.

socialism actually is very demotivating for a lot of people. If the rewards are not exciting, no one wants to work hard, innovate and take the society forward. on the other hand, unchecked capitalism produces a class of people who has so much capital that they do not need to work hard or innovate. Both are equally detrimental to society.

The social capitalism takes a balanced approach that rewards hard work and innovation and at the same time, provides a safety net so that people has the opportunity for social mobility if they work hard.

References

This article "Social capitalism" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Social capitalism. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.

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