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What is socialism?

by Anaarkei

Socialism is an economic system characterised by social ownership of the means of production and co-operative management of the economy. “Social ownership” may refer to cooperative enterprises, common ownership, state ownership, or citizen ownership of equity. There are many varieties of socialism and there is no single definition encapsulating all of them. They differ in the type of social ownership they advocate, the degree to which they rely on markets or planning, how management is to be organised within productive institutions, and the role of the state in constructing socialism.

A socialist economic system would consist of a system of production and distribution organised to directly satisfy economic demands and human needs, so that goods and services would be produced directly for use instead of for private profit driven by the accumulation of capital. Accounting would be based on physical quantities, a common physical magnitude, or a direct measure of labour-time in place of financial calculation. Distribution would be based on the principle to each according to his contribution.

As a political movement, socialism includes a diverse array of political philosophies, ranging from reformism to revolutionary socialism. Proponents of state socialism advocate the nationalisation of the means of production, distribution and exchange as a strategy for implementing socialism. In contrast, libertarian socialism proposes the traditional view of direct worker’s control of the means of production and opposes the use of state power to achieve such an arrangement, opposing both parliamentary politics and state ownership. Democratic socialism seeks to establish socialism through democratic processes and propagate its ideals within the context of a democratic political system.

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Frequently Asked Questions

You can make use of the following to discover answers to frequently asked questions. To help you find what you are looking for everything has been divided into sections covering different subjects.

General

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What is spekr?

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Politics

What is democratic socialism?

What is international socialism?

What is authoritarian socialism?

What is social democracy?

What is libertarian socialism?

What is national socialism?

What is progressivism?

What is centrism?

What is liberalism?

What is authoritarian capitalism?

What is conservatism?

What is libertarian capitalism?

What is fascism?

What is neo–conservatism?

What is neo–liberalism?

What is minarchism?

Economics

What is capitalism?

What is communism?

What is Marxism?

What is corporatism?

What is Georgism?

What is socialism?

What is syndicalism?

What is primitivism?

What is mutualism?

Anarchism

What Is Anarchism? What Beliefs Do Anarchists Share?

Why Should One Consider Anarchism In The First Place?

Don’t Anarchists Favour Chaos?

Don’t Anarchists Favour The Abolition Of The Family, Property, Religion, And Other Social Institutions Besides The State?

What Major Subdivisions May Be Made Among Anarchists?

Is Anarchism The Same Thing As Libertarianism?

Is Anarchism The Same Thing As Socialism?

Who Are The Major Anarchist Thinkers?

How Would Left-anarchy Work?

What Criticisms Have Been Made Of Anarchism?

What Other Anarchist Viewpoints Are There?

What Is Anarcho–Capitalism?

What Is Anarcho–Communism?

What Moral Justifications Have Been Offered For Anarchism?

What Are The Major Debates Between Anarchists? What Are The Recurring Arguments?

How Would Anarchists Handle The “Public Goods” Problem

Are Anarchists Pacifists?

Are Anarcho–Capitalists Anti–War?

Have There Been Any Historical Examples Of Anarchist Societies?

Isn’t Anarchism Utopian?

Don’t Anarchists Assume That All People Are Innately Virtuous?

Aren’t Anarchists Terrorists?

How Might An Anarchist Society Be Achieved?

Why Should One Consider Anarcho-Capitalism?

Do Anarcho-Capitalists Favour Chaos?

Is Anarcho-Capitalism Utopian?

What Justifications Are There For Anarcho-Capitalism?

Are There Different Types Of Anarcho-Capitalism?

How Do Anarcho-Capitalists Compare With Other Anarchists?

Is Anarcho-Capitalism The Same Thing As Libertarianism?

How Would Anarcho-Capitalism Work?

How Would Anarcho-Capitalists Handle The “Public Goods” Problem?

What Will A Stateless Society Look Like?

Have There Been Any Anarcho-Capitalist Societies?

Can Anarcho-Capitalism Work?

How Might An Anarcho-Capitalist Society Be Achieved?

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