the Democrats adhere strongly to free enterprise, private ownership, other austerity politics

So does every mainstream political party in every country in the world (except for North Korea. Even supposedly "Communist" countries like China accept that you aren't going to be a prosperous nation without them these days). Nobody is a Bolshevik any more -- everyone wants a market economy and private property. What makes the parties in other countries different than the US is that they generally support more social programs and a heavier tax burden on the rich to support it.