Libertarian Socialism Definition

A political doctrine that promotes decentralized collectivism as a means of maximizing individual freedom and minimizing the power of the state and of concentrated private wealth.
American Heritage

Any of a group of political philosophies dedicated to opposing coercive forms of authority and social hierarchy: prominent examples being capitalism and the State; especially one that encourages the direct seizure by the people of the means of production with the aim of moving toward the creation of a radical direct democracy.