Socialism of the 21st Century

Socialism of the 21st Century is a political and economic approach that aims to create fairer societies by reducing inequality, promoting social welfare, and maintaining state control over key industries. It advocates for democratic governance, economic redistribution, and social programs to improve living standards, especially for marginalized groups. Unlike traditional socialism, it emphasizes combining socialist principles with democratic institutions and free markets, focusing on sustainable development, social justice, and sovereignty. This model is often associated with leaders like Hugo Chávez and Evo Morales, seeking to balance state intervention with democratic participation adaptively suited to modern challenges.