Socialism is an economic and political philosophy encompassing diverse economic and social systems characterised by social ownership of the means of production, as opposed to private ownership. It describes the economic, political, and social theories and movements associated with the implementation of such systems. Social ownership can take various forms, including public, community, collective, cooperative, or employee. As one of the main ideologies on the political spectrum, socialism is considered the standard left wing ideology in most countries of the world. Types of socialism vary based on the role of markets and planning in resource allocation, and the structure of management in organizations.
State capitalism is an economic system in which the state undertakes business and commercial economic activity and where the means of production are nationalized as state-owned enterprises. The definition can also include the state dominance of corporatized government agencies or of public companies in which the state has controlling shares.
Ilya Nikolayevich Ulyanov was a Russian public figure in the field of public education. He was the father of revolutionary Vladimir Lenin, who became a Bolshevik leader and founder of the Soviet Union, and Aleksandr Ulyanov, who was executed for his attempt to assassinate Tsar Alexander III in 1886.
The World Socialist Party of India (WSPI) is an Indian political party founded in 1995.
Marxism is a political philosophy and method of socioeconomic analysis. It uses a dialectical materialist interpretation of historical development, better known as historical materialism, to analyse class relations, social conflict, and social transformation. Marxism originates with the works of 19th-century German philosophers Karl Marx and Friedrich Engels. Marxism has developed over time into various branches and schools of thought, and as a result, there is no single, definitive Marxist theory. Marxism has had a profound effect in shaping the modern world, with various left-wing and far-left political movements taking inspiration from it in varying local contexts.
Mark Bevir is a British philosopher of history. He is a professor of political science and the Director of the Center for British Studies at the University of California, Berkeley, where he currently teaches courses on political theory and philosophy, public policy and organisation, and methodology. He is also a Professor in the Graduate School of Governance, United Nations University (MERIT) and a Distinguished Research Professor in the College of Arts and Humanities, Swansea University.
Communism is a sociopolitical, philosophical, and economic ideology within the socialist movement, whose goal is the creation of a communist society, a socioeconomic order centered around common ownership of the means of production, distribution, and exchange that allocates products to everyone in the society based on need. A communist society would entail the absence of private property and social classes, and ultimately money and the state.
Social democracy is a political, social, and economic philosophy within socialism that supports political and economic democracy and a gradualist, reformist and democratic approach towards achieving socialism. In practice, social democracy takes the form of socially managed welfare capitalism, and emphasizes economic interventionism, partial public ownership, a robust welfare state, policies promoting social equality, and a more equitable distribution of income.
Far-left politics, also known as extreme left politics or left-wing extremism, are politics further to the left on the left–right political spectrum than the standard political left. The term does not have a single, coherent definition; some scholars consider it to be the left of communist parties, while others broaden it to include the left of social democracy. In certain instances—especially in the news media—far left has been associated with some forms of authoritarianism, anarchism, communism, and Marxism, or are characterized as groups that advocate for revolutionary socialism and related communist ideologies, or anti-capitalism and anti-globalization. Far-left terrorism consists of extremist, militant, or insurgent groups that attempt to realize their ideals through political violence rather than using democratic processes.
Colin Hay is Professor of Political Sciences at Sciences Po, Paris and Affiliate Professor of Political Analysis at the University of Sheffield, joint editor-in-chief of the journal Comparative European Politics. and Managing Editor of the journal New Political Economy.
Before the perestroika Soviet era reforms of Gorbachev that promoted a more liberal form of socialism, the formal ideology of the Communist Party of the Soviet Union (CPSU) was Marxism–Leninism, a form of socialism consisting of a centralised command economy with a vanguardist one-party state that aimed to realize the dictatorship of the proletariat. The Soviet Union's ideological commitment to achieving communism included the national communist development of socialism in one country and peaceful coexistence with capitalist countries while engaging in anti-imperialism to defend the international proletariat, combat the predominant prevailing global system of capitalism and promote the goals of Russian Communism. The state ideology of the Soviet Union—and thus Marxism–Leninism—derived and developed from the theories, policies, and political praxis of Marx, Engels, Lenin, and Stalin.
Marxism is a method of socioeconomic analysis that originates in the works of 19th century German philosophers Karl Marx and Friedrich Engels. Marxism analyzes and critiques the development of class society and especially of capitalism as well as the role of class struggles in systemic, economic, social and political change. It frames capitalism through a paradigm of exploitation and analyzes class relations and social conflict using a materialist interpretation of historical development – materialist in the sense that the politics and ideas of an epoch are determined by the way in which material production is carried on.
Democratic socialism is a left-wing set of political philosophies that supports political democracy and some form of a socially owned economy, with a particular emphasis on economic democracy, workplace democracy, and workers' self-management within a market socialist, decentralised planned, or democratic centrally planned socialist economy. Democratic socialists argue that capitalism is inherently incompatible with the values of freedom, equality, and solidarity and that these ideals can only be achieved through the realisation of a socialist society. Although most democratic socialists seek a gradual transition to socialism, democratic socialism can support revolutionary or reformist politics to establish socialism. Democratic socialism was popularised by socialists who opposed the backsliding towards a one-party state in the Soviet Union and other nations during the 20th century.
State socialism is a political and economic ideology within the socialist movement that advocates state ownership of the means of production. This is intended either as a temporary measure, or as a characteristic of socialism in the transition from the capitalist to the socialist mode of production or to a communist society. State socialism was first theorised by Ferdinand Lassalle. It advocates a planned economy controlled by the state in which all industries and natural resources are state-owned.
Types of socialism include a range of economic and social systems characterised by social ownership and democratic control of the means of production and organizational self-management of enterprises as well as the political theories and movements associated with socialism. Social ownership may refer to forms of public, collective or cooperative ownership, or to citizen ownership of equity in which surplus value goes to the working class and hence society as a whole. There are many varieties of socialism and no single definition encapsulates all of them, but social ownership is the common element shared by its various forms Socialists disagree about the degree to which social control or regulation of the economy is necessary, how far society should intervene, and whether government, particularly existing government, is the correct vehicle for change.
Gerald Allan Cohen was a Canadian political philosopher who held the positions of Quain Professor of Jurisprudence, University College London and Chichele Professor of Social and Political Theory, All Souls College, Oxford. He was known for his work on Marxism, and later, egalitarianism and distributive justice in normative political philosophy.
Socialist economics comprises the economic theories, practices and norms of hypothetical and existing socialist economic systems. A socialist economic system is characterized by social ownership and operation of the means of production that may take the form of autonomous cooperatives or direct public ownership wherein production is carried out directly for use rather than for profit. Socialist systems that utilize markets for allocating capital goods and factors of production among economic units are designated market socialism. When planning is utilized, the economic system is designated as a socialist planned economy. Non-market forms of socialism usually include a system of accounting based on calculation-in-kind to value resources and goods.
Ethical socialism is a political philosophy that appeals to socialism on ethical and moral grounds as opposed to consumeristic, economic, and egoistic grounds. It emphasizes the need for a morally conscious economy based upon the principles of altruism, cooperation, and social justice while opposing possessive individualism.
A socialist state, socialist republic, or socialist country, sometimes referred to as a workers' state or workers' republic, is a sovereign state constitutionally dedicated to the establishment of socialism. The term communist state is often used synonymously in the West, specifically when referring to one-party socialist states governed by Marxist–Leninist communist parties, despite these countries being officially socialist states in the process of building socialism and progressing toward a communist society. These countries never describe themselves as communist nor as having implemented a communist society. Additionally, a number of countries that are multi-party capitalist states make references to socialism in their constitutions, in most cases alluding to the building of a socialist society, naming socialism, claiming to be a socialist state, or including the term people's republic or socialist republic in their country's full name, although this does not necessarily reflect the structure and development paths of these countries' political and economic systems. Currently, these countries include Algeria, Bangladesh, Guyana, India, Nepal, Nicaragua, Sri Lanka and Tanzania.
The following outline is provided as an overview of and topical guide to Marxism:
