Liberal socialism
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Liberal socialism is a socialist political philosophy that incorporates liberal principles. Liberal socialism does not have the goal of completely abolishing capitalism and replacing it with socialism, but it instead supports a mixed economy that includes both private property and social ownership in capital goods. Although liberal socialism unequivocally favors a mixed market economy, it identifies legalistic and artificial monopolies to be the fault of capitalism and opposes an entirely unregulated economy. It considers both liberty and equality to be compatible and mutually dependent on each other.
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See also
- Christian socialism
- Economic liberalism
- Libertarian socialism
- Ethical socialism
- Liberalism
- Liberal Socialist Party
- Mixed economy
- Reformism
- Social corporatism
- Social democracy
- Social liberalism
- Social market economy
- Third way
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