DYNAMICS OF DEMOCRATIC SOCIALISM IN INDIA

The ideology of Socialism is the outcome of philosophy of Karl Marx according to him Socialism, is a society which serves the needs of man. For Marx, socialism meant the social order which permits the return of man to himself, the identity between existence and essence, the overcoming of the separateness and antagonism between subject and object, the humanization of nature it meant a world in which man is no longer a stranger among strangers, but is in his world, where he is at home. However the term Socialism is often associated with the concept of state ownership of the means of production. However, there are several variants of socialism such as Fabian socialism, utopian socialism and likewise. One such variant is Democratic socialism. The democratic socialism is a way of organizing society that guarantees all people decent and dignified lives. Democratic socialists believe that both the economy and society should run democratically with the aim of fulfilling public needs, and not merely to make profits for a few. Democratic socialism means the blending of socialist and democratic methods together in order to build up an acceptable and viable political and economic structure. To put it in other words, to arrive at socialist goals through democratic means.