socialism

Workers own everything

Socialism is a theory or policy of social organization that discourages or minimizes private ownership of business and advocates common ownership of land and of the means of production and distribution of goods.

On a spectrum, some people see socialism as midway between capitalism and communism.

Aspects of socialism can be found to varying degrees in different countries in which the costs and operation of basic services—like water, electricity, Internet, healthcare, and police service—are publicly owned and operated.

Marxist

communism

Collective ownership system

revolution · Das Kapital · Engels · Marx · means of production · alienation · dictatorship of the proletariat · Leninism · Trotskyism · Maoism

economy

nationalization

Government acquisition of industry

command economy · redistribution · five-year plan · price controls · rationing · quota · resource allocation · production · labor · regulation

ideology

leftist

Advocate for progressive politics

anti-capitalism · reformism · radicalism · worker rights · trade unionism · equality · redistribution · collective good · public interest

collective

commune

Shared-living community

solidarity · cooperative · mutualism · communalism · worker-owned · shared ownership · common property · collective bargaining · syndicalism · federation

welfare

universal healthcare

Guaranteed medical access nationwide

welfare state · public housing · childcare · disability benefits · poverty relief · food assistance · entitlements · public services · wealth redistribution · progressive taxation

state

government control

State authority over activities

public sector · state intervention · regulation · ministry · policy · governance · Soviet · republic · one-party · council

Categories
Opposites
economic system

socialismcapitalism

Private profit-based economy

free market economy · market economy · free enterprise · private enterprise · neoliberalism

political philosophy regarding individual vs. collective

socialismcapitalism

Private profit-based economy

individualism · libertarianism · classical liberalism · objectivism · conservatism

role of the state

socialismanarcho-capitalism

Stateless free-market ideology

laissez-faire · anarchism · deregulation

Phrases
Family

socialist, socialize, socializing, socialized, socialists, socialization, socializes, socialistic, socialise

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