What does PSM mean in POLITICS

PSM is a democratic socialist political party in Malaysia founded in 1998. It advocates for social justice, economic equality, and environmental protection. PSM believes in a society based on democratic principles, where all citizens have equal rights and opportunities.

PSM's main principles include:

• Democratic socialism: PSM believes in a democratic system where the economy is controlled by the people, not by private interests.
• Social justice: PSM advocates for policies that promote equality, fairness, and justice for all citizens, regardless of their background.
• Economic equality: PSM believes that economic resources should be distributed equitably, and that the gap between the rich and the poor should be reduced.
• Environmental protection: PSM recognizes the importance of preserving the environment and advocates for policies that promote sustainability and protect the planet.

Some of PSM's key policies include:

• Nationalization of key industries: PSM believes that certain industries, such as banking, utilities, and natural resources, should be owned and controlled by the government to ensure their fair and equitable operation.
• Universal basic income: PSM supports the implementation of a universal basic income to provide all citizens with a minimum level of financial security.
• Increased social spending: PSM advocates for increased government spending on social programs, such as healthcare, education, and housing, to improve the well-being of all citizens.
• Environmental regulations: PSM supports strong environmental regulations to protect the environment and reduce pollution.

PSM was founded in 1998 by a group of socialists, trade unionists, and activists who believed that Malaysia needed a political party that truly represented the interests of the working class and marginalized communities. PSM has participated in several elections since its founding, and currently holds one seat in the Malaysian Parliament.