Craxism (Italian: Craxismo) is a political ideology based on the thought of Italian socialist leader Bettino Craxi, who was Prime Minister of Italy during the 1980s. Craxism was the informal doctrine of the Italian Socialist Party (Partito Socialista Italiano; PSI) from 1976 to 1994, the year when both the First Republic and the PSI itself were dissolved due to corruption scandals.