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Vijay Prashad: To Be Effective, Socialism Must Adapt to 21st Century Needs
Is socialism making a comeback? If so, what exactly is socialism, why did it lose steam toward the latter part of the 20th century, and how do we distinguish democratic socialism, currently in an upward trend in the U.S., from social democracy, which has all but collapsed? Vijay Prashad, executive director of Tricontinental: Institute for Social Research and a leading scholar in socialist studies and the politics of the global South, offers answers to these questions.