New Socialism

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New Socialism is a response some socialists have taken in Western nations to the perceived failure of democratic socialist parties.

New Socialism varies from tradition or "Old Socialism" in a number of ways, first and most importantly is the believe in "social Capitalism" which reflects and advances through maximising the spread of wealth throughout the community, achieved through the principle of Productive Profitability challenging the process of Rentier capitalism, or the accumulation of ever-greater wealth into the hands of a decreasing ownership class.

"New Socilaism" also differs from "Old Socialism" as it promotes an egalitarian society of equal chances, but balances this against, first, the aspiration for higher standards in all spheres of life and creativity; and, second, the demands of liberty for the full potential of individual development.

"New Socialism" also rejects the idea of a Class War as an out of date theory because it is psychologically unacceptable to the tolerant, heterogeneous, individualistic, multi-class, middle-middle majority of today; and second and more significantly, there is no longer a distinctive cultural-economic class divide essential for a class war situation

It also rejects nationalisation of industries, "New Socialists" believe that nationalisation has been debunked.Some argue that "New Socialism" is not socialist at all, but rather sells out to capitalism and the capitalist vaules of big business. However, "New Socialists" do retain a believe in equality and redistribution of wealth, although not on the same scale as "Old Socialists"