What is the meaning of Socialism ?

Social ownership can be public, collective or cooperative ownership, or to citizen ownership of equity

There are many varieties of socialism and there is no single definition encapsulating all of them, where social ownership is the common element shared by its various forms

Non-market socialism involves the substitution of factor markets and money with engineering and technical criteria based on calculation performed in-kind, thereby producing an economic mechanism that functions according to different economic laws from those of capitalism.

Non-market socialism aims to circumvent the inefficiencies and crises traditionally associated with capital accumulation and the profit system

By contrast, market socialism retains the use of monetary prices, factor markets and in some cases the profit motive, with respect to the operation of socially owned enterprises and the allocation of capital goods between them

Profits generated by these firms would be controlled directly by the workforce of each firm, or accrue to society at large in the form of a social dividend

The socialist calculation debate discusses the feasibility and methods of resource allocation for a socialist system.

Socialist politics has been both internationalist and nationalist in orientation; organised through political parties and opposed to party politics; at times overlapping with trade unions, and at other times independent and critical of unions; and present in both industrialised and developing countries

Originating within the socialist movement, social democracy has embraced a mixed economy with a market that includes substantial state intervention in the form of income redistribution, regulation, and a welfare state

Economic democracy proposes a sort of market socialism where there is more decentralized control of companies, currencies, investments, and natural resources.

The socialist political movement includes a set of political philosophies that originated in the revolutionary movements of the mid-to-late 18th century and out of concern for the social problems that were associated with capitalism

Socialism is a system for running a government. It's different than how America is run, so you might not know or understand socialism. But it's still important to know about, so that's what we're going to do in this lesson!

By the late 19th century, after the work of Karl Marx and his collaborator Friedrich Engels, socialism had come to signify opposition to capitalism and advocacy for a post-capitalist system based on some form of social ownership of the means of production

Imagine living in a country where everyone was taken care of equally, there were no homeless people, no starving children, no extravagantly rich people, or seriously poor people. This is the guiding force of socialism.

Socialism assumes everyone is willing to share equally and intends to spread money and wealth evenly among all. Everyone has what they need and doesn't go without.

By the 1920s, social democracy and communism had become the two dominant political tendencies within the international socialist movement

By this time, socialism emerged as "the most influential secular movement of the twentieth century, worldwide.

Socialism is a system based on cooperation. Everyone works together to provide equally for each other. But, socialism looks different in every country and there are a few different ways it can happen.

One way is that everything is owned collectively, by the people; decisions are made by the people and regulated by the government to ensure equality. Another way is called democratic socialism, in which owning private property and private businesses is allowed, except you are taxed at a very high rate and that money is used to provide services like healthcare, dental care, education, hospitals, etc.

that you can compare, let's talk about the American government. In America, we use a system called democratic capitalism, based on competition. A democracy means we get to vote for the leaders of our country; capitalism means we get to own businesses and land, and there's no limit to how much money we can make.

It is a political ideology (or world view), a wide and divided political movement" and while the emergence of the Soviet Union as the world's first nominally socialist state led to socialism's widespread association with the Soviet economic model, some economists and intellectuals argued that in practice the model functioned as a form of state capitalism or a non-planned administrative or command economy

Socialism falls between these two systems and tries to take the best of both. You can see in the chart how these three systems compare to each other.

Socialist parties and ideas remain a political force with varying degrees of power and influence on all continents, heading national governments in many countries around the world.

Socialism, social and economic doctrine that calls for public rather than private ownership or control of property and natural resources. According to the socialist view, individuals do not live or work in isolation but live in cooperation with one another. Furthermore, everything that people produce is in some sense a social product, and everyone who contributes to the production of a good is entitled to a share in it.

Today, some socialists have also adopted the causes of other social movements, such as environmentalism, feminism and progressivism