socialist principles
Wealth redistribution ideals
Socialist principles center on collective ownership of the means of production and distribution of resources based on need rather than profit.
These principles emphasize economic equality, workers' control over their labor, and public rather than private ownership of major industries.
Someone acting on socialist principles might advocate for nationalized healthcare, progressive taxation, or cooperative business models.
The phrase often appears in political debate, where it may be invoked approvingly or as criticism depending on the speaker's ideology.
- collective ownershipJoint holding by many
- MarxismClass-based revolutionary philosophy
- working classManual laborers collectively
- equalitySame status for all
- mutual aidCooperative community support
class struggle · class consciousness · solidarity · participatory democracy · common good · worker cooperatives · redistribution · bread · hammer · planned economy · community welfare · trade unions · fairness · human dignity · labor rights · living wage · public policy · public goods
- labor unionsunion dues, trade union, union membership, labor union, union shops
- GDR Rightsconstitutional rights, constitutional guarantees, legal framework, state security, state authority
socialist principlescapitalism
Private profit-based economy
neoliberalism · supply-side economics · Reaganomics · trickle-down economics · Thatcherism
socialist principleslibertarianism
Minimal-government political philosophy
individualism · classical liberalism · right-wing ideology · conservatism · oligarchy
socialist principlesprivate property rights
Legal claim to possessions
private ownership · privatization · profit motive · wealth concentration · inheritance rights
socialist, socialism, social, socialize, socialized, socializing, socialization, socially, society