Let's take a look at social-democracy, one of the most influential ideologies of the 20th century, which continues to be a leading force after the demise of Eastern communism and the rise of neo-liberal globalisation:

Social democracy is a political ideology that emerged out of classical socialism in the late 19th century. Many social democratic parties have embraced 'Third Way' ideology.

The Socialist International (SI) – the worldwide organisation of social democratic and democratic socialist parties – defines social democracy as an ideal form of liberal democracy that can solve the problems found in unregulated capitalism. The SI emphasizes the following principles: First, freedom – not only individual liberties, but also freedom from discrimination and freedom from dependence on either the owners of the means of production or the holders of abusive political power. Second, equality and social justice – not only before the law but also economic and socio-cultural equality as well, and equal opportunities for all including those with physical, mental, or social disabilities. Finally, solidarity – unity and a sense of compassion for the victims of injustice and inequality. See The SI's Declaration of Principles.
social democracy: Information from Answers.com

Social democracy is a political ideology that emerged in the late 19th century out of the socialist movement. Unlike socialism in the Marxist sense, which aims to replace the capitalist system entirely, social democracy aims to reform capitalism in order to remove its perceived injustices. Social democracy once meant socialism in the strict sense achieved by democratic means. This definition rather than the modern one still appears in many dictionaries. The term in this sense has been generally replaced by democratic socialism, especially in the thinking of those who consider modern social democracy simply a moderate form of capitalism rather than a moderate form of socialism. Social democracy - Wikipedia, the free encyclopedia

The dismissal of the viability of social democracy in global conditions, by ex-new right pessimists like Gray as well as by Marxists, is undoubtedly, as Andrew Gamble argues, ‘too final’. Not only do governments have national discretion but the potential for international co-operation is common ground among more traditional social democrats and advocates of the ‘third way’. As social democratic politicians dominate the turn-of-the-millennium European Union, an internationalised, if not globalised, centre-left reformism is close to becoming the common sense of mainstream politics, with influence in north America too after the excesses of the Ronald Reagan and Newt Gingrich years. While statist socialism is a forlorn doctrine, and radical Marxism remains marginal, social democracy has enjoyed a broad, if not necessarily very profound, worldwide renaissance in the reaction against the excesses of post-1989 neo-liberal triumphalism. Social democracy in the unfinished global revolution