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Examples of market socialism include economic democracy, the Lange model, liberal socialism, market-oriented left-libertarianism, mutualism the New Economic Mechanism and Ricardian socialism. Other types of market socialist systems such as mutualism are related to the political philosophy of libertarian socialism.
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. [1][2][3][4][5] The defining characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, recognition of property rights, self-interest, economic freedom, meritocracy ...
e. A mixed economy is an economic system that accepts both private businesses and nationalized government services, like public utilities, safety, military, welfare, and education. A mixed economy also promotes some form of regulation to protect the public, the environment, or the interests of the state. This is in contrast to a laissez faire ...
t. e. In Karl Marx 's critique of political economy and subsequent Marxian analyses, the capitalist mode of production (German: Produktionsweise) refers to the systems of organizing production and distribution within capitalist societies. Private money-making in various forms (renting, banking, merchant trade, production for profit and so on ...
Socialism is an economic and political philosophy encompassing diverse economic and social systems [1] characterised by social ownership of the means of production, [2] as opposed to private ownership. [3][4][5] It describes the economic, political, and social theories and movements associated with the implementation of such systems. [6]
Authoritarian socialism is derived from the concept of socialism from above. Hal Draper defined socialism from above as the philosophy which employs an elite administration to run the socialist state. The other side of socialism is a more democratic socialism from below. [ 1 ] The idea of socialism from above is much more frequently discussed ...
v. t. e. Right-libertarianism, [1][2][3][4] also known as libertarian capitalism, [5] or right-wing libertarianism, [1][6] is a libertarian political philosophy that supports capitalist property rights and defends market distribution of natural resources and private property. [7] The term right-libertarianism is used to distinguish this class ...
Authoritarian capitalism, [1] or illiberal capitalism, [2] is an economic system in which a capitalist market economy exists alongside an authoritarian government.Related to and overlapping with state capitalism, a system in which the state undertakes commercial activity, authoritarian capitalism combines private property and the functioning of market forces with repression of dissent ...