Democratic socialism is:

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Democratic socialism is not an entirely new economic system, but rather a hybrid of capitalism and socialism. It aims to balance the benefits of a market economy (such as innovation and efficiency) with the social benefits of government intervention (such as universal healthcare and education). Karl Marx's model of socialism does not incorporate democracy and Adam Smith's model is centered around free-market capitalism, both of which are not reflective of democratic socialism. Democratic socialism is not a logical impossibility, as it has been successfully implemented in various countries around the world. Democratic socialism combines elements of both capitalism and socialism, with an emphasis on social welfare programs and worker's rights. It is distinct from Karl Marx's model of communism and Adam Smith's model of laissez-faire capitalism, as it promotes government intervention in the economy to ensure greater equality and fairness. While some may argue that democratic socialism is a logical impossibility or incompatible with capitalism, it has been successfully implemented in several countries around the world, including Norway, Denmark, and Sweden.

Democratic Socialism Is