The following is from the introduction to the wiki article. See it for much more detail.
Democratic socialism is a political ideology advocating a democratic political system alongside a socialist economic system, involving a combination of political democracy with social ownership
of the means of production. Sometimes used synonymously with
"socialism", the adjective "democratic" is added to distinguish
democratic socialism from Marxism–Leninism.[1]
Democratic socialism is distinguished from both the Soviet model of centralized socialism and from social democracy.
This distinction arose from the authoritarian form of government that
emerged in the Soviet Union in the 20th century under the banner of
socialism.[2]
Democratic socialism rejects the social democratic view of reform
through state intervention within capitalism, seeing capitalism as
incompatible with the democratic values of freedom, equality and
solidarity. From this perspective, democratic socialists believe that
the issues inherent to capitalism can only be solved by a transition
from capitalism to socialism - by superseding private property with some
form of social ownership; and that any attempt to address the economic
contradictions of capitalism through reforms will only cause problems to
emerge elsewhere in the economy.[3][4] However, "democratic socialism" is sometimes used as a synonym for
social democracy, where "social democracy" refers to support for
political democracy, regulation of the economy, and a welfare state.[5]
There is no exact definition of democratic socialism. Some forms of
democratic socialism overlap with social democracy, while many forms
reject social democratic reformism in favor of more transformative methods, while some forms overlap with Revolutionary Socialism. The "democratic" element may refer to extending principles of democracy in the economy (such as through cooperatives or workplace democracy), or it may refer to support for a multi-party parliamentary democracy.
Also check out libertarian socialism and market socialism, variations on a theme.
ReplyDeletehttps://en.wikipedia.org/wiki/Libertarian_socialism
https://en.wikipedia.org/wiki/Market_socialism