Exploring Self-Managed Socialism: Principles, Practices, and Future Prospects

Introduction

This paper aims to explore the concept of self-managed socialism, examining its fundamental principles, practical applications, and future prospects. Self-managed socialism is a socio-economic system that emphasizes direct democratic control of economic resources and social institutions by the workers themselves, contrasting with traditional top-down socialist models. The purpose of this report is to analyze how self-managed socialism operates in practice, its potential benefits and challenges, and to evaluate its feasibility as a viable alternative to both capitalism and conventional socialism. This exploration will highlight key case studies and theoretical frameworks that support the implementation of self-managed socialism in contemporary society.

Main Body

Self-managed socialism is rooted in the principles of democratic participation, worker autonomy, and social ownership of the means of production. It advocates for a decentralized system where workers have direct control over their workplaces and commun