Illustration: Ramandeep Kaur | ThePrint Does India practise social democracy, or democratic socialism? That might sound like wordplay, but the two are very different creatures. The first system is democratic and functions broadly within a regulated capitalist framework. Budgets in such a system are instruments for funding universal social security provisions that benefit the poor more than the rich, such as for elderly care, a public school system, state-provided or state-paid medical services, along with provisions for the disadvantaged, like unemployment benefits. Democratic socialism is different: It emphasises state ownership or control of production, but within a democratic polity […]
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