Social democracy needs superprofits from the periphery to fund the core. Social democracy is a type of capitalism. Capitalism requires exploitation to function. If every nation is the core, who gets exploited? The surplus value does not exist.
If a developing country invests in public education, free healthcare, transport infrastructure, housing, etc., is that not social democracy? Why wouldn’t that work?
It is possible but not under capitalism which social democracy aims to preserve, It is possible under socialism as is seen in the PRC or the former USSR but that’s not social democracy.
Social democracy needs superprofits from the periphery to fund the core. Social democracy is a type of capitalism. Capitalism requires exploitation to function. If every nation is the core, who gets exploited? The surplus value does not exist.
If a developing country invests in public education, free healthcare, transport infrastructure, housing, etc., is that not social democracy? Why wouldn’t that work?
It is possible but not under capitalism which social democracy aims to preserve, It is possible under socialism as is seen in the PRC or the former USSR but that’s not social democracy.