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Socialism is an economic and political philosophy encompassing diverse economic and social systems [1] characterised by social ownership of the means of production, [2] as opposed to private ownership. [3] [4] [5] It describes the economic, political, and social theories and movements associated with the implementation of such systems. [6]
Democratic socialism is a broad political movement that seeks to propagate the ideals of socialism within the context of a democratic system, as was done by Western social democrats, who popularized democratic socialism as a label to criticize the perceived authoritarian or non-democratic socialist development in the East, during the 19th and ...
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.
While the use of the term socialism was initially adopted to describe the philosophy of the Saint-Simonians, which advocated the socialized ownership of the means of production, the term was quickly appropriated by working class movements in the 1840s, and in the 19th century the term socialism came to encompass a wide and diverse range of ...
Democratic socialism is a left-wing [1] economic and political philosophy that supports political democracy and some form of a socially owned economy, [2] with a particular emphasis on economic democracy, workplace democracy, and workers' self-management [3] within a market socialist, decentralised planned, or democratic centrally planned ...
In these cases, the intended meaning of socialism can vary widely and sometimes the constitutional references to socialism are left over from a previous period in the country's history. In the case of many Middle Eastern states, the term socialism was often used in reference to an Arab socialist / nationalist philosophy adopted by specific ...
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 ...