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[10] [11] As one of the main ideologies on the political spectrum, socialism is the standard left-wing ideology in most countries. [12] Types of socialism vary based on the role of markets and planning in resource allocation, and the structure of management in organizations. [13] [14] Socialist systems divide into non-market and market forms.
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] Social ownership can be public, collective or cooperative ownership, or citizen ownership of equity. [12]
Sopade member Curt Geyer was a prominent proponent of liberal socialism within the Sopade, and declared that Sopade represented the tradition of Weimar Republic social democracy—liberal democratic socialism, and declared that Sopade's held true to its mandate of traditional liberal principles combined with the political realism of socialism ...
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 ...
Political ideologies have two dimensions: (1) goals: how society should be organized; and (2) methods: the most appropriate way to achieve this goal. An ideology is a collection of ideas. Typically, each ideology contains certain ideas on what it considers to be the best form of government (e.g. autocracy or democracy ) and the best economic ...
The political scientist Lyman Tower Sargent offers a similar definition based on the practice of social democracy in Europe: Democratic socialism can be characterised as follows: Much property held by the public through a democratically elected government, including most major industries, utilities, and transportation systems
Term Description Examples Autocracy: Autocracy is a system of government in which supreme power (social and political) is concentrated in the hands of one person or polity, whose decisions are subject to neither external legal restraints nor regularized mechanisms of popular control (except perhaps for the implicit threat of a coup d'état or mass insurrection).
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 ...