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==="Democratic" Socialism===

==="Democratic" Socialism===

The second form of Socialism (sometimes called "Revisionism") prevailed in Europe down to the 1970s, and is typified by the [[Fabian Socialism|Fabian Society]] and the British Labour Party. It was inspired by [[Socialism]] and closely linked to labor unions that had real power. The goal was for the government to own ("nationalize") major industries such as coal mining, railways, steel making, shipbuilding, airlines, and banking. Small businesses remained private. The idea was that labor unions controlled the government and therefore unions controlled working conditions and wages for the benefit of workers, regardless of the damage to long-term economic growth.

The second form of Socialism (sometimes called "Revisionism") prevailed in Europe down to the 1970s, and is typified by the [[Fabian Socialism|Fabian Society]] and the British Labour Party. It was inspired by [[Socialism]] and closely linked to labor unions that had real power. The goal was for [[Industrial Democracy]], that is, for the government to own ("nationalize") major industries such as coal mining, railways, steel making, shipbuilding, airlines, and banking. Small businesses remained private. The idea was that labor unions controlled the government and therefore unions controlled working conditions and wages for the benefit of workers, regardless of the damage to long-term economic growth.

The Socialists were well organized and after 1918 they bitterly fought the breakaway faction that became the [[Communist]] movement. In recent years major Socialist parties (in Europe and Canada) have sometimes dropped the long-standing demands for state ownership of the means of production and have mostly accepted "Controlled Capitalism". However they remain tied to labor unions and favor liberal policies regarding high taxes and public spending. Conservatives have been negative toward the economics of the second form of socialism. Conservatives complain socialists use government power to redistribute wealth.  

The Socialists were well organized and after 1918 they bitterly fought the breakaway faction that became the [[Communist]] movement. In recent years major Socialist parties (in Europe and Canada) have sometimes dropped the long-standing demands for state ownership of the means of production and have mostly accepted "Controlled Capitalism". However they remain tied to labor unions and favor liberal policies regarding high taxes and public spending. Conservatives have been negative toward the economics of the second form of socialism. Conservatives complain socialists use government power to redistribute wealth.