Socialism generally refers to an economic system based on public ownership and operation of the means of production (capital goods, assets and production equipment) with ownership vested in either a public body or in the workers who operate the enterprise.
There are several key variants of socialism that can be differentiated based on their economic mechanism (economic planning or market Economics), their type of ownership (public ownership or worker's cooperatives), and how goods and services are valued.
Socialism may also refer to political ideologies and movements that have the establishment of socialism as their ultimate goal.
There are a number of different issues socialism seeks to resolve and goals socialism aims to achieve. Among socialism's key goals include:
There are different varieties of socialism. In general, they share a desire for egalitarianism, by which they mean equality as the oppurtunity to achieve self-actualization, and not just equality before the law.
Socialism - Economic vs Political
One thing the above gets a bit confused with is that in modern-day academic usage, socialism is mostly an economic idea, not a politicalidea. When talking about political socialism, usually it is referred to by another name, which specifies how the socialist economic policy is to be implemented; see things like Social democracy, Communism, Leninism and Maoism. Economic socialism by itself says nothing about the way that wealth should be distributed per se - that is, a socialist economy does not have to have one particular form of political system structure.
Commonly, Socialism (with the capital 'S') is a shorthand for Marxism, while socialism (with a lower-case 's') refers to the socialism economic theory.
Socialism means two related things:
An economic system based on social ownership of the means of production, collective-decision making in management, and production organized directly for use. There are several hypothetical versions of socialism, such as market-based socialism, planned economies and decentralized-planning.
Socialism also refers to a political ideology and political movement working toward the establishment of a socialist economy. This might encompass any policies or values held by that movement.
Socialism is where the government owns the industry of the country.
He developed a form of socialism which was sometimes called "scientific socialism".
Market socialism should be contrasted with a planned economy, or planned socialism. Market socialism involves the use of markets and prices for determining how to use and allocate factors of production among organizations. These organizations may be state-owned or co-operatively owned; so market socialism can be a type of state socialism. State socialism is contrasted with co-operative socialism. In state socialism, the means of production are owned and managed by a public body. In contrast, cooperative socialism involves ownership of the means of production by the employees or by councils of consumer co-operatives. It is possible to have state-market socialism and cooperative-market socialism. Likewise, it is possible to have cooperative-planned socialism and state-planned socialism.
It was from Socialism that Communism was born.
There are no perfect rhymes for the word socialism.
No, Plato did not teach socialism.
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There can be no such thing. Socialism means the abolition of the wages system and of production for sale. Socialism has no classes, no money, no markets.
Yes, Socialism is an abstract noun.
Socialism is an ineffective government type.
Socialism is associated with the political left.
"African form of socialism"
Socialism is Good was created in 1958.
Socialism or Barbarism was created in 2001.
Voluntary Socialism was created in 1896.
The Future of Socialism was created in 1956.
You haven't given what the comparison is with socialism.
Generally, countries with people practice socialism. However there are countries with people who do not practice socialism. A country without people will never practice socialism as there is no social aspect.
Socialism does not agree with capitalist beliefs.Capitalism requires inequality to thrive, whereas socialism enforces equality.
That depends on the time and the place as well as what you count as socialism.
Karl Marx invented Radical Socialism.
Socialism or Barbarism has 126 pages.
Voluntary Socialism has 228 pages.