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Stalin held a different view of socialism from Trotskyists, Orthodox Marxists, Anarchists and Lenin's original conception of socialism.

In contrast to the other views, Stalin's view was based on Socialism in One Country, the belief that socialism can be constructed in a single country despite that country existing in a global, interlinked capitalist economy.

Stalin's concept of socialism accepted the law of value as an integral part of socialism, along with wage-based labor and monetary exchange. Stalin's view implicitly rejected collective-decision making and worker's self-management in favor of the "cult of the individual personality" and authoritarianism.

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