French Socialist Party

Definition

The French Socialist Party is a political party in France that was founded in 1905. It advocates for social democracy and democratic socialism, promoting policies such as wealth redistribution, social justice, and public ownership of key industries.

Related terms

Democratic Socialism: A political philosophy that supports political democracy alongside social ownership of the means of production, with an emphasis on self-management and democratic management of economic institutions within a market or some form of decentralized planned socialist economy.

Social Democracy: A political ideology that supports economic and social interventions to promote social justice within the framework of a liberal democratic polity and a capitalist-oriented economy.

Wealth Redistribution: The transfer of income, wealth or property from some individuals to others caused by a social mechanism such as taxation, monetary policies, welfare, land reform, charity or tort law.