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. Traditionally, socialism is on the left wing of the political spectrum. Types of socialism vary based on the role of markets and planning in resource allocation, and the structure of management in organizations.
The name Social Democratic Party or Social Democrats has been used by many political parties in various countries around the world. Such parties are most commonly aligned to social democracy as their political ideology.
The Socialist Party of America (SPA) was a socialist political party in the United States formed in 1901 by a merger between the three-year-old Social Democratic Party of America and disaffected elements of the Socialist Labor Party of America who had split from the main organization in 1899.
The Social Democratic Party of America (SDP) was a short-lived political party in the United States established in 1898.
Workers' Party is a name used by several political parties throughout the world. The name has been used by both organisations on the left and right of the political spectrum. It is currently used by followers of Marxism, Marxism–Leninism, Maoism, social democracy, democratic socialism, socialism and Trotskyism.
National Socialist Party most often refers to the National Socialist German Workers' Party, commonly known as the Nazi Party, which existed in Germany between 1920 and 1945 and ruled the country from 1933 to 1945. However, similar names have also been used by a number of other political parties around the world, with various ideologies, some related and some unrelated to the NSDAP.
The history of the socialist movement in the United States spans a variety of tendencies, including anarchists, communists, democratic socialists, social democrats, Marxists, Marxist–Leninists, Trotskyists and utopian socialists. It began with utopian communities in the early 19th century such as the Shakers, the activist visionary Josiah Warren and intentional communities inspired by Charles Fourier. Labor activists, usually Jewish, German, or Finnish immigrants, founded the Socialist Labor Party of America in 1877. The Socialist Party of America was established in 1901. By that time, anarchism also rose to prominence around the country. Socialists of different tendencies were involved in early American labor organizations and struggles. These reached a high point in the Haymarket massacre in Chicago, which founded the International Workers' Day as the main labour holiday around the world, Labor Day and making the eight-hour day a worldwide objective by workers organizations and socialist parties worldwide.
Socialism in Canada has a long history and along with conservatism and liberalism is a political force in Canada.
Socialism in Australia dates back at least as far as the late-19th century. Notions of socialism in Australia have taken many different forms including utopian nationalism in the style of Edward Bellamy, the democratic socialist reformist electoral project of the early Australian Labor Party (ALP), and the revolutionary Marxism of parties such as the Communist Party of Australia.
The Socialist Labor Party (SLP) is a political party in the United States. It was established in 1876, and was the first socialist party formed in the country.
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.
Impossibilism is a Marxist theory that stresses the limited value of political, economic, and social reforms under capitalism. As a doctrine, impossibilism views the pursuit of such reforms as counterproductive to the goal of achieving socialism as they stabilize, and therefore strengthen, support for capitalism. Impossibilism holds that reforms to capitalism are irrelevant or outright counter-productive to the goal of achieving socialism and should not be a major focus of socialist politics.
Agrarian socialism is a political ideology that promotes social ownership of agrarian and agricultural production as opposed to private ownership. Agrarian socialism involves equally distributing agricultural land among collectivized peasant villages. Many agrarian socialist movements have tended to be rural, locally focused, and traditional. Governments and political parties seeking agrarian socialist policies have existed throughout the world, in regions including Europe, Asia, North America, Latin America, and Africa.
The Labor Party (Korean: 노동당) is a democratic socialist political party in South Korea.
Social ownership is a type of property where an asset is recognized to be in the possession of society as a whole rather than individual members or groups within it. Social ownership of the means of production is the defining characteristic of a socialist economy, and can take the form of community ownership, state ownership, common ownership, employee ownership, cooperative ownership, and citizen ownership of equity. Within the context of socialist economics it refers particularly to the appropriation of the surplus product, produced by the means of production, or the wealth that comes from it, to society at large or the workers themselves. Traditionally, social ownership implied that capital and factor markets would cease to exist under the assumption that market exchanges within the production process would be made redundant if capital goods were owned and integrated by a single entity or network of entities representing society. However, the articulation of models of market socialism where factor markets are utilized for allocating capital goods between socially owned enterprises broadened the definition to include autonomous entities within a market economy.
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.
The World Socialist Movement (WSM) is an international organisation of socialist parties created in 1904 with the founding of the Socialist Party of Great Britain (SPGB).
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 history of socialism has its origins in the Age of Enlightenment and the 1789 French Revolution along with the changes that it brought, although it has precedents in earlier movements and ideas. The Communist Manifesto was written by Karl Marx and Friedrich Engels in 1847-48 just before the Revolutions of 1848 swept Europe, expressing what they termed scientific socialism. In the last third of the 19th century parties dedicated to Democratic socialism arose in Europe, drawing mainly from Marxism. The Australian Labor Party was the world's first elected socialist party when it formed government in the Colony of Queensland for a week in 1899.
Socialism in Italy is a political movement that developed during the Industrial Revolution over a course of 120 years, which came to a head during the Revolutions of 1848. At the beginning of the 20th century, there were a growing number of social changes. The outbreak of the First World War accelerated economic differentiation causing a wider wealth gap. This is seen as one of the key factors that triggered the emergence of Italian socialism.
