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Democratic socialism is a broad political movement that seeks to propagate the ideals of socialism within the context of a democratic system, as was done by Western social democrats, who popularized democratic socialism as a label to criticize the perceived authoritarian or non-democratic socialist development in the East, during the 19th and ...
Other socialist theories, such as mutualism and market socialism, attempt to apply the labor theory of value to socialism, so that the price of a good or service is adjusted to equal the amount of labor time expended in its production. The labor-time expended by each worker would correspond to labor credits, which would be used as a currency to ...
The Directorial system is a system of government in which executive power is held by a group of people who operate under a system of collegiality. [10] While there may be a nominal leader, the post is considered to be ceremonial or a first among equals and it typically rotates among its members.
The following outline is provided as an overview of and topical guide to socialism: 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. [11]
The law of equal liberty is the fundamental precept of liberalism and socialism. [1] Stated in various ways by many thinkers, it can be summarized as the view that all individuals must be granted the maximum possible freedom as long as that freedom does not interfere with the freedom of anyone else. [2]
He believed that socialism would end the capitalist monopoly over the means of production and thereby allow both free competition and cooperation to flourish. [ 3 ] In contrast, the German communist Karl Marx defined socialism as the abolition of all private property , rather than a redistribution of it as proposed by Proudhon.
(August 2024) Right-libertarian minarchists generally justify the state as a logical consequence of the non-aggression principle . [ 1 ] [ 2 ] [ 3 ] They argue that anarcho-capitalism is impractical because it is not sufficient to enforce the non-aggression principle, as the enforcement of laws under anarchy would be open to competition. [ 12 ]
Socialist production involves rational planning of use-values and coordination of investment decisions to attain economic goals. [10] In this approach, cyclical fluctuations that occur in a capitalist market economy do not exist in a socialist economy. The value of a good in socialism is its physical utility rather than its embodied labour ...