The emergence of liberal socialism in continental Europe

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Series Details Vol.29 No.4, December 2009, p94-97
Publication Date December 2009
ISSN 0265-0665
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Socialism has repeatedly failed to match the accomplishments of capitalism, and yet it refuses to die. At the beginning of the twenty-first century, a new type of socialism, 'liberal socialism', is growing in Europe. The rise of liberal socialism has been marked by the erosion of two key institutions of capitalism, private property rights and the freedom of exchange. Unlike communism, which used brute force to replace private property rights and free exchange with state ownership and central planning, liberal socialism focuses on redistributing wealth, creating entitlement programmes, supporting labour unions and promoting 'fair' trade.

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