socialist democracy

Socialist democracy is a political system where the community or society collectively owns and controls major resources and industries, aiming to ensure fairness and equality. It combines democratic principles—like voting and citizen participation—with economic arrangements that prioritize social welfare over individual profit. Decisions are made through democratic processes, reflecting the will of the people, while the state manages key sectors to reduce inequality. The goal is to create a society where economic resources benefit everyone, promoting social justice, cooperation, and collective well-being within a democratic framework.