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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]
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.
As a term, socialism represents a broad range of theoretical and historical socioeconomic systems and has also been used by many political movements throughout history to describe themselves and their goals, generating a variety of socialism types. [8] Socialist economic systems can be further divided into market and non-market forms. [14]
Socialism has been described as a philosophy seeking distributive justice, and communism as a subset of socialism that prefers economic equality as its form of distributive justice. [76] In 19th century Europe, the use of the terms communism and socialism eventually accorded with the cultural attitude of adherents and opponents towards religion.
Democratic socialism is a left-wing [1] economic and political philosophy that supports political democracy and some form of a socially owned economy, [2] ...
Libertarian socialism strives for a free and equal society, [1] aiming to transform work and everyday life. [2] Broadly defined, libertarian socialism encapsulates any political ideology that favours workers' control of the means of production and the replacement of capitalism with a system of cooperative economics, [3] [4] or common ownership. [5]
Socialism isn’t the right frame of government for any country, but especially not America. If we want to make sure our kids don’t find it appealing, we need to really teach them what it’s ...
Scientific socialism is a method for understanding and predicting social, economic and material phenomena by examining their historical trends through the use of the scientific method in order to derive probable outcomes and probable future developments.