Social market economyThe social market economy (SOME; soziale Marktwirtschaft), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, is a socioeconomic model combining a free-market capitalist economic system alongside social policies and enough regulation to establish both fair competition within the market and generally a welfare state. It is sometimes classified as a regulated market economy.
TrotskyismTrotskyism is the political ideology and branch of Marxism developed by Russian revolutionary Leon Trotsky and some other members of the Left Opposition and Fourth International. Trotsky described himself as an orthodox Marxist, a revolutionary Marxist, and a Bolshevik–Leninist as well as a follower of Marx, Engels, Vladimir Lenin, Karl Liebknecht, and Rosa Luxemburg.
Democratic capitalismDemocratic capitalism, also referred to as market democracy, is a political and economic system. It integrates resource allocation by marginal productivity (synonymous with free-market capitalism), with policies of resource allocation by social entitlement. The policies which characterise the system are enacted by democratic governments. Democratic capitalism was implemented widely in the 20th century, particularly in Europe and the Western world after the Second World War.
Mixed economyA mixed economy is variously defined as an economic system blending elements of a market economy with elements of a planned economy, markets with state interventionism, or private enterprise with public enterprise. Common to all mixed economies is a combination of free-market principles and principles of socialism. While there is no single definition of a mixed economy, one definition is about a mixture of markets with state interventionism, referring specifically to a capitalist market economy with strong regulatory oversight and extensive interventions into markets.
Yellow socialismYellow socialism or yellow unionism, was an economic system proposed in 1902 by Pierre Biétry, as an alternative to the "Red socialism" advocated in Marxism. Biétry envisioned workers organizing unions which would operate in parallel with groups of businesses (a structure similar to corporatism). Workers would get a greater share of company profits through negotiation between each union and the corresponding business group. Above this would be a strong authoritarian State.
Liberal welfare reformsThe Liberal welfare reforms (1906–1914) were a series of acts of social legislation passed by the Liberal Party after the 1906 general election. They represent the emergence of the modern welfare state in the United Kingdom. The reforms demonstrate the split that had emerged within liberalism, between emerging social liberalism and classical liberalism, and a change in direction for the Liberal Party from laissez-faire traditional liberalism to a party advocating a larger, more active government protecting the welfare of its citizens.
Conservatism in GermanyConservatism in Germany (Konservatismus) has encompassed a wide range of theories and ideologies in the last three hundred years, but most historical conservative theories supported the monarchical/hierarchical political structure. During the pre-revolutionary Vormärz era, the label conservatism united a loose movement of intellectual and political forces without any party organisation comparable to the British Tories. The tradition of conservative theorists like Justus Möser (1720–1794) opposed the Enlightenment tendencies and the ideals of the French Revolution.
CommunismCommunism (from Latin communis) is a left-wing to far-left sociopolitical, philosophical, and economic ideology within the socialist movement, whose goal is the creation of a communist society, a socioeconomic order centered around common ownership of the means of production, distribution, and exchange that allocates products to everyone in the society based on need. A communist society would entail the absence of private property and social classes, and ultimately money and the state (or nation state).
NeoliberalismNeoliberalism, also neo-liberalism, is a term used to signify the late-20th century political reappearance of 19th-century ideas associated with free-market capitalism after it fell into decline following the Second World War. A prominent factor in the rise of conservative and right-libertarian organizations, political parties, and think tanks, and predominantly advocated by them, it is generally associated with policies of economic liberalization, including privatization, deregulation, globalization, free trade, monetarism, austerity, and reductions in government spending in order to increase the role of the private sector in the economy and society.
Social liberalismSocial liberalism (Sozialliberalismus, socioliberalismo, Sociaalliberalisme) is a political philosophy and variety of liberalism that endorses social justice and the expansion of civil and political rights. It is economically based on the social market economy and views the common good as harmonious with the individual's freedom. Social liberals overlap with social democrats in accepting economic intervention more than other liberals; its importance is considered auxiliary compared to social democrats.
