I think no one can give a clear definition of what a socialist democracy is because they don’t live in one, I do and I work for the state and will try explain it.
We have a free market economy and stock exchange ergo full-fledged capitalism, however the collected tax/revenue base collected for the state is used to fund three core functions refered to as “Apex Priorities” namely Health, Education and Housing - these are all free to citizens and legal foreign nationals, we have fee-free schools and means-determined fully funded higher education, healthcare is fully free and an application for a basic, but functional dwelling is applied for and built. These are the conditions that the State believes every citizen requires to reach self-actualisation. There are further support functions through social interventions paying for things such as child-care, disability, old-age to provide the unemployed with no means of monthly income a mometary base to take care of their basic needs.
The State is also responsible for creating new infrastructure based on citizen needs auch as schools, colleges, universities, clinics, hospitals, roads, high-ways, bridges, agriculture, forestry, nature conservation, water supply, electrical supply, sanitation, arts, culture, sport, implementing legislative policies and laws etc etc etc.
What the State is also responsible for, which people get confused, is that it DOES NOT create jobs or job opportunities, its sole-purpose by doing all of these functions is to create a conducive environment for business to operate, this is from brick and mortar to factory and import/export functionaries - every aspect for business, employer and employee to thrive is to provide all the necessary soft and hard means to execute their goals and conteibute to the economy thus driving further investment from local and foreign entities.
Nutshell: the State needs to take care of the citizens needs so that capitalism can flourish. The logic is that is a recursive loop where if the citizens can work, the state gets tax to put back into the citizen - if the one fails the other fails.
N.B. This State is far from perfect but since inception to date we class ourselves as a socialist democracy, and this is why.
I think no one can give a clear definition of what a socialist democracy is because they don’t live in one, I do and I work for the state and will try explain it.
We have a free market economy and stock exchange ergo full-fledged capitalism, however the collected tax/revenue base collected for the state is used to fund three core functions refered to as “Apex Priorities” namely Health, Education and Housing - these are all free to citizens and legal foreign nationals, we have fee-free schools and means-determined fully funded higher education, healthcare is fully free and an application for a basic, but functional dwelling is applied for and built. These are the conditions that the State believes every citizen requires to reach self-actualisation. There are further support functions through social interventions paying for things such as child-care, disability, old-age to provide the unemployed with no means of monthly income a mometary base to take care of their basic needs.
The State is also responsible for creating new infrastructure based on citizen needs auch as schools, colleges, universities, clinics, hospitals, roads, high-ways, bridges, agriculture, forestry, nature conservation, water supply, electrical supply, sanitation, arts, culture, sport, implementing legislative policies and laws etc etc etc.
What the State is also responsible for, which people get confused, is that it DOES NOT create jobs or job opportunities, its sole-purpose by doing all of these functions is to create a conducive environment for business to operate, this is from brick and mortar to factory and import/export functionaries - every aspect for business, employer and employee to thrive is to provide all the necessary soft and hard means to execute their goals and conteibute to the economy thus driving further investment from local and foreign entities.
Nutshell: the State needs to take care of the citizens needs so that capitalism can flourish. The logic is that is a recursive loop where if the citizens can work, the state gets tax to put back into the citizen - if the one fails the other fails.
N.B. This State is far from perfect but since inception to date we class ourselves as a socialist democracy, and this is why.