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The Social Democratic and Labour Party which until recently was the largest nationalist party in Northern Ireland promotes social democracy while militant Republican parties such as Sinn Féin, Republican Sinn Féin, and the 32 County Sovereignty Movement all promote their own varieties of democratic socialism intended to re-distribute wealth ...
In 1961, the Socialists in the European Parliament attempted to produce a common 'European Socialist Programme' but this was neglected due to the applications of Britain, Denmark, Ireland and Norway to join the European Community. The Socialists' 1962 congress pushed for greater democratisation and powers for Parliament, though it was only in ...
The Anglo-Saxon model (so called because it is practiced in Anglosphere countries such as the United Kingdom, the United States, Canada, New Zealand, Australia [1] and Ireland [2]) is a regulated market-based economic model that emerged in the 1970s based on the Chicago school of economics, spearheaded in the 1980s in the United States by the economics of then President Ronald Reagan (dubbed ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 21 January 2025. Political philosophy emphasising social ownership of production For other uses, see Socialism (disambiguation). Part of a series on Socialism History Outline Development French Revolution Revolutions of 1848 Socialist calculation debate Socialist economics Ideas Calculation in kind ...
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 ...
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.
The primary difference between socialism and capitalism is the role of government. In socialist economies, a central body — the government — owns and controls the society’s assets, firms and ...
The Communist Manifesto was written by Karl Marx and Friedrich Engels in 1847-48 just before the Revolutions of 1848 swept Europe, expressing what they termed scientific socialism. In the last third of the 19th century parties dedicated to Democratic socialism arose in Europe, drawing mainly from Marxism.