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This article is about socialism as an economic system and political philosophy. For socialism as a specific stage of socioeconomic development in Marxist theory, see Socialism (Marxism).
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Socialism
Currents[show]Marxian socialism
Scientific socialism
Democratic socialism
Libertarian socialism · Mutualism
Market socialism · State socialism
Utopian socialism · Communism
Social anarchism · Syndicalism
Social democracy Revolutionary socialism
Green socialism · Guild socialism
Socialism of the 21st century
Agrarian socialism
Key topics and issues[show]Types
History
Economics
State
Criticisms
Concepts[show]Economic planning · Free association
Equality of opportunity Economic democracy
Adhocracy · Technocracy
Self-management · Direct democracy
Public ownership · Common ownership
Social dividend · Basic income
Production for use
Calculation in kind · Labour voucher
Industrial democracy · Collaboration
Material balance accounting
People[show]Charles Hall · Henri de Saint-Simon
Robert Owen · Charles Fourier
William Thompson
Thomas Hodgskin
Louis Blanc · Moses Hess
Karl Marx · Friedrich Engels
Ferdinand Lassalle
William Morris · Mary Harris Jones
Eugene V. Debs · John Dewey
Enrico Barone · Ben Tillett
Edvard Kardelj · Robin Hahnel
Michael Albert
Organizations[show]First International
(International Workingmen's Association)Second International
Third International (Comintern)
Fourth International
Fifth International
Socialist International
World Federation of
Democratic YouthInternational Union of
Socialist YouthWorld Socialist Movement
Religious socialism[show]Buddhist · Christian
Islamic · Jewish left
Regional socialism[show]African socialism · Arab socialism
Bundism · Chinese socialism · Titoism
Maoism · Labour Zionism
Third World Socialism
Left-wing nationalism
Related topics[show]Criticism of capitalism
Criticism of socialism · Class struggle · Democracy
Dictatorship of the proletariat
Egalitarianism · Equality of outcome
Impossibilism · Internationalism
State-owned enterprise
Left-wing politics · Marxism
Mixed economy · Nationalization
Socialization of production
Planned economy
Perspectives on Capitalism
Proletarian revolution
Reformism · Socialism in One Country
Socialist market economy
Post-capitalism · Trade union
Mode of production
v · d · e
Socialism is an economic system in which the means of production are publicly or commonly owned and controlled co-operatively, or a political philosophy advocating such a system.[1][2] As a form of social organization, socialism is based on co-operative social relations and self-management; relatively equal power-relations and the reduction or elimination of hierarchy in the management of economic and political affairs.[3][4]
Socialist economies are based upon production for use and the direct allocation of economic inputs to satisfy economic demands and human needs (use value); accounting is based on physical quantities of resources, some physical magnitude, or a direct measure of labor-time.[5][6] Goods and services for consumption are distributed through markets, and distribution of income is based on the principle of individual merit/individual contribution.[7]
As a political movement, socialism includes a diverse array of political philosophies, ranging from reformism to revolutionary socialism. State socialist currents of socialism advocate for the nationalisation of the means of production, distribution and exchange as a strategy for implementing socialism; while social democrats advocate public control of capital within the framework of a market economy. Libertarian socialists and anarchists reject using the state to build socialism, arguing that socialism will, and must, either arise spontaneously or be built from the bottom up utilizing the strategy of dual power. They promote direct worker-ownership of the means of production alternatively through independent syndicates, workplace democracies, or worker cooperatives.
Romans 10:9
SDA