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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.
It is a world-economy and it is by definition capitalist in form. Socialism involves the creation of a new kind of world-system, neither a redistributive world-empire nor a capitalist world-economy but a socialist world-government. I don't see this projection as being in the least utopian but I also don't feel its institution is imminent.
There are many varieties of socialism and no single definition encapsulates all of them, [11] but social ownership is a common element shared by its various forms. [ 1 ] [ 12 ] [ 13 ] Socialists disagree about the degree to which social control or regulation of the economy is necessary, how far society should intervene, and whether government ...
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.
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 ...
"Socialism can be put into practice only by methods which most socialists disapprove." The "readiness to do bad things becomes a path to promotion and power." Under collectivism, "a man must be ...
The Marxist view of socialism served as a point of reference during the socialist calculation debate. Marx himself did not use the term socialism to refer to this development. Instead, Marx called it a communist society that has not yet reached its higher-stage. [8] The term socialism was popularized during the Russian Revolution by Vladimir ...