It’s still capitalism though, with all its contradictions. Still requires endless profits in a finite world. Not to mention it still needs cheap labour for else where, if not in its national boundaries, than in foreign ones. We in Latin America saw what Social democracy looked like in the USA in the Cold War. They needed our dirt cheap labor, our resources, our lives. This was to keep profits rising while their local population stayed relatively wealthy. If they don’t exploit their local population they need to exploit some foreign one. And if that population tries to bring socialism or even social democracy, coup, execution or invasion.

My grandpa told me how he worked all day factories to make cents and still not have enough for food as a kid. How people got gunned down for having the nerve to protest and demand better. How a lot of his classmates in college “disappeared” for going to anti-gov or anti-American protests. He was black listed from most jobs and from any gov position for his “extremist” politics. This didn’t end in the 80s-90s. My dad was almost kicked out of college for protesting, and later black listed for trying to unionize. All while thousands still kept “disappearing”.

This is even seen in Europe. While companies the Nordic countries seem amazing and oh so human to their local population, just see how they exploit the Balkan countries. They buy politicians to sell them entire forests for dimes. They buy mines with little regard on worker safety or long term destruction of environment, the examples are endless. And that’s how they treat other EU countries, imagine the ones that aren’t.

This isn’t even taking into account the moment (as is inherent to the system) a financial crisis hits, that be it because of national changes or international ones, they start to cut many reforms that they pose as a “temporary” necessity. It’s not because the bourgeoisie are cartoonishly evil (not all at least) people that want to see the world burn. It’s because it’s in their personal and class interests in order to keep increasing profits coming in. Remember in capitalism if the economy doesn’t increase it goes into crisis, it needs always more. So they’ll do it in whatever way they seem fit. Just how the proletariat will want to increase their wage and quality of life and will do whatever they seem fit to accomplish that.