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Aug 20, 2024 · What does socialism mean? Socialism is a form of government in which most forms of property, including at least the major means of production and natural resources, are owned or controlled by the state .
- Socialism is a yearning for something better than capitalism.
- Socialism is not a single, unified theory. People spread socialism across the world, interpreting and implementing it in many different ways based on context.
- The Soviet Union and China achieved state capitalism, not socialism. As leader of the Soviet Union, Lenin once said that socialism was a goal, not yet an achieved reality.
- The U.S., Soviet Union, and China have more in common than you think. As capitalism emerged from feudalism in Europe in the 19th century, it advocated liberty, equality, fraternity, and democracy.
Socialist economics starts from the premise that "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.
Jun 8, 2017 · Socialism is some kind of religion, spreading the truth to the world. Hence, you do not need, like other scientists do, to form hypotheses and test them. Just declare the truth and slam deviant opinions.
Dec 18, 2023 · Socialism is an economic and political system based on public or collective ownership of the means of production and that emphasizes economic equality.
- Will Kenton
- 2 min
Oct 10, 2019 · Socialism describes any political or economic theory that says the community, rather than individuals, should own and manage property and natural resources. The term “socialism” has...
Jul 15, 2019 · In contrast to capitalism, socialism can be defined as a type of society in which, at a minimum, (i) is turned into (i*): (i*)The bulk of the means of production is under social, democratic control. Changes with regard to features (ii), (iii), and (v) are hotly debated amongst socialists.
