The New Socialism

The New Socialism refers to contemporary ideas advocating for a more equitable economy by emphasizing expanded social welfare, public ownership of essential services, and greater economic regulation. It aims to reduce inequality and promote social justice while maintaining capitalism's innovation-driven growth. This approach often supports higher taxes on the wealthy, stronger protections for workers, and increased investment in public infrastructure and healthcare. Unlike traditional socialism, it typically works within the existing political system, seeking reforms rather than complete systemic overhaul, balancing market incentives with social protections to create a fairer, more inclusive society.