Bolivarian socialism

Definition

Bolivarian socialism is a political and economic ideology based on the ideas of Simon Bolivar, a 19th-century South American liberator, combined with socialist principles advocating for social welfare, public ownership of key industries, and strong government intervention in the economy. It aims to create a more equitable society through redistribution of wealth and increased social programs.

Related terms

Social Welfare:

Government programs designed to support individuals' well-being in areas such as health care, education, and housing.

Nationalization: The process by which governments take control over private industry sectors deemed vital to the country's economy.

Populism:

A political approach that strives to appeal to ordinary people who feel that their concerns are disregarded by established elite groups