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→Welfare state
===Welfare state===
===Welfare state===
As an economic theory, democratic socialism calls for equalization of incomes, through taxation of private wealth coupled with welfare state spending. The [[nationalization]] of major industries is primarily a device to allow the unionized workers to control their own wages and working conditions, cutting out the capitalistic owners.
As an economic theory, democratic socialism calls for equalization of incomes, through taxation of private wealth coupled with [[welfare state]] spending. The [[nationalization]] of major industries is primarily a device to allow the unionized workers to control their own wages and working conditions, cutting out the capitalistic owners.
State [[pension]]s and unemployment insurance were not brought in by Socialists—they were first introduced by arch-conservative Chancellor [[Bismarck]] in Germany in the 1870s. In Britain they were introduced about 1910 by [[Winston Churchill]] and [[David Lloyd George]] of the [[Liberal Party]], and in the U.S. were part of Democratic President Franklin D. Roosevelt's [[New Deal]] in the 1930s. Welfare state ideas such as [[universal health care]], and state control of key industries have been common throughout the developed world in the modern era. However, the United States has always rejected socialism as an ideological position, with a few exceptions such as the [[TVA]].
State [[pension]]s and unemployment insurance were not brought in by Socialists—they were first introduced by arch-conservative Chancellor [[Bismarck]] in Germany in the 1870s. In Britain they were introduced about 1910 by [[Winston Churchill]] and [[David Lloyd George]] of the [[Liberal Party]], and in the U.S. were part of Democratic President Franklin D. Roosevelt's [[New Deal]] in the 1930s. Welfare state ideas such as [[universal health care]], and state control of key industries have been common throughout the developed world in the modern era. However, the United States has always rejected socialism as an ideological position, with a few exceptions such as the [[TVA]].