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State socialism can be used to classify any variety of socialist philosophies that advocates the ownership of the means of production by the state apparatus, either as a transitional stage between capitalism and socialism, or as an end-goal in itself. Typically, it refers to a form of technocratic management, whereby technical specialists ...
State capitalism is an economic system in which the state undertakes business and commercial (i.e., for-profit) economic activity and where the means of production are nationalized as state-owned enterprises (including the processes of capital accumulation, centralized management and wage labor).
This is an accepted version of this page This is the latest accepted revision, reviewed on 17 January 2025. Economic system based on private ownership This article is about an economic system. For other uses, see Capitalism (disambiguation). "Capitalist" redirects here. For other uses, see Capitalist (disambiguation). Part of a series on Capitalism Concepts Austerity Business Business cycle ...
Socialism Becomes Attractive When Capitalism Is Cruel The last minimum wage increase happened in 2009 when it was raised to its current rate of $7.25 an hour, the longest period of stagnancy since ...
In an article titled "Why Gen Z is Turning to Socialism," Vice made an observation about why Democratic Socialist Bernie Sanders was so successful in ... 800-290-4726 more ways to reach us. Sign in.
This is notable in the United States, where socialism is a pejorative term to mean state socialism used by members of the political right to stop the implementation of liberal and progressive policies and proposals and to criticize the public figures trying to implement them.
Although the oldest members of Generation Z are just now entering their mid-20s, it was an 80-year-old man who gave a voice to their collective disgust with the system that they were inheriting....
While socialism is frequently used to describe socialist states and Soviet-style economies, especially in the United States due to the First and Second Red Scares, democratic socialists use socialism to refer to the tendency that rejects the ideas of authoritarian socialism and state socialism as socialism, [40] regarding them as a form of ...