ABSTRACT
"Social democracy", the ghost pronounced in his now familiar German professorial tone, is a relatively democratic economy in the age of U. S. super-capitalism. It has strong unions, powerful labor parties in the government, and legally based worker participation in corporate decisions. It is a welfare state that redistributes wealth toward ordinary people, but it is still capitalist. It is most developed in the Scandinavian nations such as Denmark, Norway, and Sweden but also flourishes in Germany, France, and the Netherlands. Despite its current financial and budgetary crises, it offers hope for the preservation of life as the world gets sucked into a death spiral of capitalism, wars, and climate change. Moreover, high unemployment a growing reserve army made up of millions of jobless young people has been the most important enduring crisis in European Social Democracy in recent decades, made worse by the financial crisis and deficit problems that have swept the Continent since 2010 the ghost acknowledged.
