Examples: anything public that is owned by the government like: public transportation, public education, public healthcare, public social security
DEMOCRATIC REPUBLIC is a form of government operating on principles adopted from a republic and a democracy. Rather than being a cross between two entirely separate systems, democratic republics may function on principles shared by both republics and democracies.
- Democracy is a system of government by the whole population or all the eligible members of a state, typically through elected representatives.
- Republic is a state in which supreme power is held by the people and their elected representatives, and which has an elected or nominated president rather than a monarch
Example: people governing themselves like the United States
DEMOCRATIC CAPITALISM also referred to as market democracy, is a political and economic system that combines capitalism and a strong welfare state curbing the excesses of individual freedom. It integrates resource allocation by marginal productivity, with policies of resource allocation by social entitlement
DEMOCRATIC SOCIALISM is defined as having a socialist economy in which the means of production are socially and collectively owned or controlled, alongside a democratic political system of government.
Without Social Security many of America's Elderly would not be able to survive... and, with this statement I am reminded of a television commercial about the elderly Jews in Russia and how difficult it has been for them to survive and that many of them are living on $2/day and are barely surviving... Russia has no social security programs for their elderly which is why they are living like they are and why people are asking Americans to donate money to them...
The same issue would happen here in America if it were not for SOCIAL SECURITY unless families stepped up to the plate and took care of their parents, brothers and sisters, and other relatives that might be in need.
WHY DO WE NEED SOCIAL SECURITY IN THE USA?
Many people like myself did not earn enough money during their careers so that they could save some of that money for retirement. Many people who are in similar situations are forced to continue working until they cannot do so physically or mentally. Others, like myself, live in areas where the cost of living is low and not that much money is needed to pay one's bills.
Consequently, the fact that America has social welfare for the elderly is the main reason why I stopped working once I reached the full retirement age of 67. Not only was working somewhat counterproductive for me and my employer but employers don't take kindly to the elderly because they do not have the physical endurance or the mental agility of the younger generation.
In short, they are not treated very well at work and are rather encouraged to leave. Now, bear in mind that this is my personal opinion and may not be applicable to everyone... it was however, the foundation and impetus for my retirement.
IF ONE'S FAMILY HAS NO DESIRE OR WILLINGNESS TO TAKE CARE OF THEIR ELDERLY THEN OUR FEDERAL GOVERNMENT BECAUSE WE ARE AMERICANS SHOULD WILLINGLY ADOPT THAT RESPONSIBILITY WHICH THEY HAVE FOR THE MOST PART DONE.... at least at this point-in-time... but funding social security is a huge drain on the tax payers and it would not surprise me if they resist paying for it one day.
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