According to Wikipedia socialism is "an economic system in which the means of production are commonly owned and controlled cooperatively; or a political philosophy advocating such a system". This seems to me to be a very narrow definition. According to this a political party would only be socialist if it was supporting the ''total'' abolition of capitalism. In reality it is possible to support many degrees of state involvement in the economy without necessarily wanting a planned economy. Many parties left of social democratic parties calling themselves socialist in practice supports a mixed economy, but one that would imply much more capital control than in the present-day world-economy. This is, as far as I can see, also the sort of policies that e.g. Attac is supporting.
What is socialism? How to delineate it from mixed economy?
- Thread starter Eivind
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