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Libertarian socialism, sometimes called left-libertarianism, [269] [270] social anarchism [271] [272] and socialist libertarianism, [273] is an anti-authoritarian, anti-statist and libertarian [274] tradition within socialism that rejects centralised state ownership and control [275] including criticism of wage labour relationships (wage ...
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 ...
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.
The Socialist Party of Great Britain and the World Socialist Movement define socialism in its classical formulation as a "system of society based upon the common ownership and democratic control of the means and instruments for producing and distributing wealth by and in the interest of the community."
In political science, democratic socialism and social democracy are sometimes seen as synonyms, [25] while they are distinguished in journalistic use. [26] Under this democratic socialist definition, [nb 1] social democracy is an ideology seeking to gradually build an alternative socialist economy through the institutions of liberal democracy. [23]
The primary difference between socialism and capitalism is the role of government. In socialist economies, a central body — the government — owns and controls the society’s assets, firms and ...
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.