As a result of the efforts of the “progressive modernizers,” for whom modernization “has too often meant deregulation and privatization,” social democracy is no longer what it used to be, argues Robert Taylor (2008).
"The social democracy we see today has now abandoned even that commitment to a mixed economy characterized by significant but not dominant public ownership and redistributive social and
economic policies. What distinguishes the new social democracy is an embrace of its new “modern” role as a manager of neoliberal restructuring.
This transformation was noted by Michael Harrington (1986, 2),"
to read the 340-page pdf book ;from AU Press 2012, click on
http://www.aupress.ca/books/120206/ebook/99Z_Evans_Schmidt_2012-Social_Democracy_After_the_Cold_War.pdf
Original: Free Internet Book: "Social Democracy After the Cold War"