system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5 the difference between a social democracy and socialism?
gpt
Socialism is an economic system in which the means of production and the ~~results of those means are collectively~~ owned by the community in some way or another - compared to capitalism where the means can be privately owned. Social democracy is a political/government system that seeks to create an equitable society within the framework of capitalism and representative democracy. This means the "means of production" can stay privately owned but the government intervenes where necessary to ensure fair competition, protection of workers rights, economic protection and support for the poor, things like that. There are varying flavors of it, some more socialist than others but key difference is that socialism is an economic system whereas social democracies are governments that enact some mixture of socialist and capitalist policies.