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This is an accepted version of this page This is the latest accepted revision, reviewed on 21 January 2025. Political philosophy emphasising social ownership of production For other uses, see Socialism (disambiguation). Part of a series on Socialism History Outline Development French Revolution Revolutions of 1848 Socialist calculation debate Socialist economics Ideas Calculation in kind ...
Socialism – range of economic and social systems characterised by social ownership of the means of production and workers' self-management [10] as well as the political theories and movements associated with them.
Other forms of market socialism are based on classical economics, such as those advocated by Thomas Hodgskin, who viewed interest accumulation, rent and profit as deductions from exchange-value, so that eliminating the capitalist element from the economy would lead to a free market and socialism. The term market socialism has also been applied ...
Critical of the economy and government of socialist states, left communists such as the Italian Amadeo Bordiga said that their socialism was a form of political opportunism which preserved rather than destroyed capitalism because of the claim that the exchange of commodities would occur under socialism; the use of popular front organisations by ...
Scientific socialism in Marxism is the application of historical materialism to the development of socialism, as not just a practical and achievable outcome of historical processes, but the only possible outcome.
A form of government where the monarch is elected, a modern example being the King of Cambodia, who is chosen by the Royal Council of the Throne; Vatican City is also often considered a modern elective monarchy. Self-proclaimed monarchy: A form of government where the monarch claims a monarch title without a nexus to the previous monarch dynasty.
The connection can be found in Hayek's 1944 book, The Road to Serfdom, the classic analysis of how even well-intentioned socialism can lead to totalitarianism. To create a socialist state, you ...
They share a common definition of socialism, and they refer to themselves as socialist states on the road to communism with a leading vanguard party structure, hence they are often called communist states. Meanwhile, the countries in the non-Marxist–Leninist category represent a wide variety of different interpretations of the term socialism ...