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Whole-process people's democracy is a primarily consequentialist view, in which the most important criterion for evaluating the success of democracy is whether democracy can "solve the people's real problems," while a system in which "the people are awakened only for voting" is not truly democratic. [40]
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]
With the association of social democracy as a policy regime [101] and the development of the Third Way, [23] social democracy became almost exclusively associated with capitalist welfare states, [102] while democratic socialism came to refer to anti-capitalist tendencies, including communism, revolutionary socialism, and reformist socialism. [103]
Following the Revolutions of 1989, the people's republics of Central and Eastern Europe (namely Albania, [45] Bulgaria, [46] Hungary, [47] and Poland [48]), as well as Mongolia, [49] dropped the term people's from their names due to the term's association with their former communist governments, and became known simply as republics, adopting ...
In the 1950s, popular socialism emerged as a vital current of the left in Nordic countries could be characterised as a democratic socialism in the same vein as it placed itself between communism and social democracy. [70] In the 1960s, Gerhardsen established a planning agency and tried to establish a planned economy. [71]
Democratic capitalism, also referred to as market democracy, is a political and economic system that integrates resource allocation by marginal productivity (synonymous with free-market capitalism), with policies of resource allocation by social entitlement. [1]
Democracy is an obstacle to this suppression of freedom which the centralized direction of economic activity requires. Hence arises the clash between planning and democracy". [ 43 ] Hayek argued that both fascism and socialism are based in central economic planning and value the state over the individual.
People's democracy is a theoretical concept of Marxism–Leninism that advocates the establishment of a multi-class and multi-party democracy during the transition from capitalism to socialism. People's democracy was developed after World War II and implemented in a number of European and Asian countries as a result of the people's democratic ...