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Socialist democracy is a political system that aligns with principles of both socialism and democracy. It includes ideologies such as council communism, democratic socialism, social democracy, and soviet democracy, as well as Marxist democracy like the dictatorship of the proletariat. It was embodied in the Soviet system (1922–1991). [1]
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 ...
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]
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 ...
In political science, democratic socialism and social democracy are sometimes seen as synonyms, [25] while they are distinguished in journalistic use. [26] Under this democratic socialist definition, [nb 1] social democracy is an ideology seeking to gradually build an alternative socialist economy through the institutions of liberal democracy. [23]
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.
Socialists are fond of saying that socialism has never failed because it has never been tried. But in truth, socialism has failed in every country in which it has been tried, from the Soviet Union ...
Some argued that capitalism had been abolished. [3] Socialist governments established the mixed economy with partial nationalisations and social welfare. By 1968, the prolonged Vietnam War gave rise to the New Left, socialists who tended to be critical of the Soviet Union and social democracy.