Democratic socialismDemocratic socialism is a left-wing political philosophy that supports political democracy and some form of a socially owned economy, with a particular emphasis on economic democracy, workplace democracy, and workers' self-management within a market socialist economy or an alternative form of a decentralised planned socialist economy. Democratic socialists argue that capitalism is inherently incompatible with the values of freedom, equality, and solidarity and that these ideals can only be achieved through the realisation of a socialist society.
Paris CommuneThe Paris Commune (Commune de Paris, kɔ.myn də pa.ʁi) was a French revolutionary government that seized power in Paris from 18 March to 28 May 1871. During the Franco-Prussian War of 1870–71, the French National Guard had defended Paris, and working-class radicalism grew among its soldiers. Following the establishment of the Third Republic in September 1870 (under French chief executive Adolphe Thiers from February 1871) and the complete defeat of the French Army by the Germans by March 1871, soldiers of the National Guard seized control of the city on March 18.
Market economyA market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production.
