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Buddhist socialism is a political ideology which advocates socialism based on the principles of Buddhism.

Buddhist socialists have called for state provision of the Buddhist requisites of food, shelter, clothing and medicine, for the abolition or amelioration of class distinctions, for campaigns for morality based on Buddhist traditions, and for workers and peasants to overcome the love of property.

People who have been described as Buddhist socialists include Buddhadasa Bhikkhu, S. W. R. D. Bandaranaike, U Nu and Norodom Sihanouk.

Tenzin Gyatso, the Fourteenth Dalai Lama of Tibet has said that:

Of all the modern economic theories, the economic system of Marxism is founded on moral principles, while capitalism is concerned only with gain and profitability. (...) The failure of the regime in the former Soviet Union was, for me, not the failure of Marxism but the failure of totalitarianism. For this reason I still think of myself as half-Marxist, half-Buddhist.

[1]

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