Contemporary capitalism is in many ways shaped by social democracy. Just think of the notions of socially just wages, a regulated market, the right of workers to organize, wealth distribution, social welfare, the ethos of solidarity or the understanding of companies as organizations with social responsibilities. These modifications of capitalism can be traced back to the historical struggles of social democratic parties. Today, social democracy is in its deepest crisis since World War II.The video analyzes two interrelated factors that help understand the decline of social democracy. A first factor that explains the current crisis of social democracy is the transformation of capitalism over the past decades. At the root of that transformation is a deep crisis of capitalism; more concretely, the demise of the Fordist-Keynesian growth model of the  ...