socialist theory
Workers control production
Socialist theory encompasses ideas about collective ownership of productive resources and the redistribution of wealth to reduce inequality.
It critiques capitalism's concentration of power and advocates for workers controlling the means of production.
Variants range from democratic socialism to Marxism to anarcho-syndicalism, but all share concern with class relations and economic justice: Socialist theory informed the labor movement's early demands.
- collective ownershipJoint holding by many
- MarxismClass-based revolutionary philosophy
- materialismPrioritizing goods over spirit
- planned economyCentralized resource allocation system
- communismCollective ownership system
dialectics · class struggle · working class · Russian Revolution · class consciousness · wage labor · surplus value · alienation · dictatorship of the proletariat · Cuban Revolution · egalitarianism · redistribution · Leninism · solidarity · Trotskyism · economic equality · welfare state · universal basic income
- socialismMarxism, communism, proletariat, bourgeoisie, communal ownership
- MarxismMarx, Karl Marx, Engels, Friedrich Engels, proletariat
- Soviet educationstate schools, state education, state universities, compulsory education, political education
socialist theorycapitalism
Private profit-based economy
laissez-faire economics · neoliberalism · Austrian economics · classical liberalism · anarcho-capitalism
socialist theorylibertarianism
Minimal-government political philosophy
right-wing ideology · conservatism · classical liberalism · objectivism · anarcho-capitalism
socialist, socialism, social, socialize, socialized, socializing, socialization, socially, sociable