A leftist, non-
communist type of government. Embodied by
Sweden, also in use in
France,
Germany,
Italy, etc.
Relies on
welfare state and
labour laws to protect workers from the effects of ruthless
capitalism. Mainly initiated out of bad
memories from the first
industrial revolution. May be highly business-hostile (old
Labour Party in
Britain) or more market friendly (today's France). May generate high
unemployment if the
economy falters.