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'''Velvetine Socialism''' ([[Classical Latin|Latin]]: ''Socialismi Holoserica''; [[Pelaxian language|Pelaxian]]: ''Socialismo Aterciopelado''; [[Brenadine Tainean|Reform Tainean]]: Sausalism des Velaus), also known as '''Rumahokian Socialism''', '''Democratic Revolutionary Socialism''', or '''Reformist Labourism''', is the form of socialist thought developed during the [[Velvet Revolution]] in [[Rumahoki]] to realise a socialist revolution in a country ruled by a [[Estado Social (Rumahoki)|nationalist dictatorship]] for decades through {{wp|reformist}} means. It is the official ideology of the [[People's Democratic Party]]. Ostensibly a form of {{wp|Marxism}}, Velvetine Socialism is in practice a form of {{wp|market socialism}} with elements of {{wp|dirigism}} and {{wp|tripartism}}, though some political analysts have described the ideology as being more akin to {{wp|social democracy}} with a big government than any particular form of socialism. | '''Velvetine Socialism''' ([[Classical Latin|Latin]]: ''Socialismi Holoserica''; [[Pelaxian language|Pelaxian]]: ''Socialismo Aterciopelado''; [[Brenadine Tainean|Reform Tainean]]: ''Sausalism des Velaus''), also known as '''Rumahokian Socialism''', '''Democratic Revolutionary Socialism''', or '''Reformist Labourism''', is the form of socialist thought developed during the [[Velvet Revolution]] in [[Rumahoki]] to realise a socialist revolution in a country ruled by a [[Estado Social (Rumahoki)|nationalist dictatorship]] for decades through {{wp|reformist}} means. It is the official ideology of the [[People's Democratic Party]]. Ostensibly a form of {{wp|Marxism}}, Velvetine Socialism is in practice a form of {{wp|market socialism}} with elements of {{wp|dirigism}} and {{wp|tripartism}}, though some political analysts have described the ideology as being more akin to {{wp|social democracy}} with a big government than any particular form of socialism. | ||
Under Velvetine Socialism, the state plays an active interventionist role over a {{wp|market economy}} as a means to curb inefficiencies in production and {{wp|market failures}} through the use of {{wp|indicative planning}}, state-directed investment, and utilising market instruments to encourage market entities to fulfill state economic objectives. The idea behind this is that by ensuring state-assisted economic growth while at the same time protecting the workers' rights through the use of tripartism and strong trade unions, socialism shall be achieved. | Under Velvetine Socialism, the state plays an active interventionist role over a {{wp|market economy}} as a means to curb inefficiencies in production and {{wp|market failures}} through the use of {{wp|indicative planning}}, state-directed investment, and utilising market instruments to encourage market entities to fulfill state economic objectives. The idea behind this is that by ensuring state-assisted economic growth while at the same time protecting the workers' rights through the use of tripartism and strong trade unions, socialism shall be achieved. |
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