Social democracy is objectively the moderate wing of fascism in that it is organized towards the same ends of smashing the workers movement, where fascism is openly terroristic and social democracy uses the spoils of imperialism to spread opportunism—social democracy of course allying with fascism. Both are a product of imperialism, where, for instance, fascist Germany's Lebensraum was the response of a country on the one hand facing threats to bourgeois class rule and on the other, as a result of WWI, lacking any means to "bribe" the workers, to engage in the formal economic struggle, and so bare colonial violence had to be directed inwards by the state, ridding society of all the social-democratic luxuries (decentralization, free petty enterprise, formal democracy). The minority states in developed countries are forced by popular struggle to “provide” these luxuries as a means of preventing mass uprising (as this development brings it closer) and maintaining their “good standing,” and again forced to bare their teeth when development is lacking.

There can be no social democracy without imperialism. What this “social democracy in South America” comes closest to is nationalism.