socialist society
Shared ownership community
A socialist society is one organized around collective or state ownership of the means of production—factories, farms, utilities—rather than private ownership.
The term ranges from theoretical ideals of worker control and equitable distribution to actual political systems claiming socialist principles: Cuba remained a socialist society after the revolution.
Critics and proponents disagree sharply on whether any existing society has achieved genuine socialism.
- collective ownershipJoint holding by many
- common ownershipShared control of assets
- worker cooperativesCollectively owned democratic businesses
- collective bargainingJoint worker-employer talks
- working classManual laborers collectively
equality · mutual aid · human dignity · egalitarianism · planned economy · Soviet Union · public goods · anti-capitalism · solidarity · participatory democracy · shared responsibility · Cuban Revolution · community welfare · free healthcare · wealth redistribution · Marxism · bread and roses · communal resources
socialist societycapitalist society
Economy built on private ownership
free market economy · market economy · corporate capitalism · plutocracy · feudal society
socialist societyrugged individualism
Philosophy of personal independence
socialist societyaristocratic society
Social world of nobles
oligarchy · bourgeois society · feudal society · stratified society · meritocracy
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