From the very source you used, the very next sentence:
In practice, social democracy takes a form of socially managed welfare capitalism,
Yeah I’m pretty sure that wasn’t there the last time I read about that.
It’s a highly contested article, because people hate admitting that socialism is better than capitalism.
But when you look at the ideologies prescriptively, socialism is about the welfare of everyone in said society, while capitalism is about accumulating capital, at whatever cost. These are mutually exclusive objectives.
Thus, it’s unerasonable to say that there’s a “form of capitalism that isn’t capitalism but actually is more like socialism but it’s not actually socialism it’s just well managed capitalism”, because capitalism by itself is unmanaged. Capitalism seeks to get rid of any regulation. Capitalism seeks to have the most profit for the least cost. This ideology conflicts with making good products and treating your employees well.
There’s no such thing anywhere as unrestricted capitalism. Even the US, the very center of the modern capitalist movement, isn’t “purely” capitalist. If if was, it wouldn’t have socialist policies like the antitrust laws.. But it has to, because without those, the economy would collapse, because capitalism is self-defeating, just like cancer..
