21st-century socialism
21st-century socialism is a political and economic ideology that seeks to adapt traditional socialist principles to contemporary society. It emphasizes social justice, environmental sustainability, and participatory democracy, aiming to address issues like inequality and climate change. This approach often incorporates elements of democratic socialism and eco-socialism, focusing on the needs of the community while promoting individual rights.
Countries like Venezuela and Bolivia have implemented aspects of 21st-century socialism, prioritizing state control over key industries and social programs. Proponents argue that it can create a more equitable society, while critics raise concerns about economic viability and political freedoms.