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This is the socialism of the labor, social-democratic, and socialist parties of Western Europe." [14] Economist and political theorist Kenneth Arrow argued: "We cannot be sure that the principles of democracy and socialism are compatible until we can observe a viable society following both principles. But there is no convincing evidence or ...
Democratic socialism is a left-wing [1] economic and political philosophy that supports political democracy and some form of a socially owned economy, [2] with a particular emphasis on economic democracy, workplace democracy, and workers' self-management [3] within a market socialist, decentralised planned, or democratic centrally planned ...
The term social democracy can refer to the particular kind of society that social democrats advocate. The Socialist International (SI), the worldwide organization of social democratic and democratic socialist parties, defines social democracy as an ideal form of representative democracy that may solve the problems found in a liberal democracy ...
Socialism – range of economic and social systems characterised by social ownership of the means of production and workers' self-management [10] as well as the political theories and movements associated with them.
Socialism is an economic and political philosophy encompassing diverse economic and social systems [1] characterised by social ownership of the means of production, [2] as opposed to private ownership. [3] [4] [5] It describes the economic, political, and social theories and movements associated with the implementation of such systems. [6]
In the 19th century, democratic socialism was repressed by many governments; countries such as Germany and Italy banned democratic socialist parties. [3] [4] With the expansion of liberal democracy and universal suffrage during the 20th century
The majority of self-declared socialist countries have been Marxist–Leninist or inspired by it, following the model of the Soviet Union or some form of people's or national democracy. They share a common definition of socialism, and they refer to themselves as socialist states on the road to communism with a leading vanguard party structure ...
Libertarian socialism strives for a free and equal society, [1] aiming to transform work and everyday life. [2] Broadly defined, libertarian socialism encapsulates any political ideology that favours workers' control of the means of production and the replacement of capitalism with a system of cooperative economics, [3] [4] or common ownership. [5]