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Socialism is a social and economic system (or the political philosophy advocating such a system) in which the economic means of production are owned and controlled collectively by the people. This control may be either direct, exercised through popular collectives such as workers' councils, or it may be indirect, exercised through a State. A primary concern of socialism (and, according to some, its defining feature) is social equality and an equitable distribution of wealth that would serve the interests of society as a whole.
Historically, the ideology of socialism grew up hand in hand with the rise of organized labor, and the socialist political movement has found most of its support among the urban working class and, to a lesser extent, the peasantry. This has led to socialism being strongly associated with the working class and often identifying itself with the interests of workers and the "common people". In many parts of the world, the two are still strongly associated with one another; in other parts, they have become two distinct movements.
Socialists hold that capitalism is an illegitimate economic system that serves the interests of the wealthy and exploits the majority of the population. As such, they wish to replace it completely or at least make substantial modifications to it, in order to create a more just society that would reward hard work, guarantee a certain basic standard of living, and extend economic and cultural opportunities to all.
Socialist theory is diverse, and there is no single body of thought that is universally shared by all socialists. Rather, different socialist ideologies have arrived at similar conclusions by different paths. There are some common themes, however. One such theme is the idea that humans are inherently social beings that require social interaction and the companionship of others in order to survive and develop both physically and mentally. Individuals cannot maintain their humanity if they are separated from the rest of society for too long. Thus, socialists believe that the individual and society are inseparable, and they reject individualistic schools of thought which assert that society is the voluntary creation of individuals who chose to interact with each other.
Marxism is an ideology which has had a powerful influence on socialist thought. For almost a hundred years, from the mid-19th century to the 1940s or 50s, the majority of socialists were Marxists of one kind or another. This has no longer been the case for several decades, but Marxist ideas - particularly notions of class struggle - are common themes across a broad range of modern socialist groups. Marxism itself continues to be a strong current in the broader socialist movement.
Many Marxists, past and present, use the term socialism to refer to the form of society that is supposed to replace capitalism and later develop into communism.Within the socialist movement, there are several different ideas on how to create a socialist society and economic system, and what form this society would take.
Historically, the ideology of socialism grew up hand in hand with the rise of organized labor, and the socialist political movement has found most of its support among the urban working class and, to a lesser extent, the peasantry. This has led to socialism being strongly associated with the working class and often identifying itself with the interests of workers and the "common people". In many parts of the world, the two are still strongly associated with one another; in other parts, they have become two distinct movements.
Socialists hold that capitalism is an illegitimate economic system that serves the interests of the wealthy and exploits the majority of the population. As such, they wish to replace it completely or at least make substantial modifications to it, in order to create a more just society that would reward hard work, guarantee a certain basic standard of living, and extend economic and cultural opportunities to all.
Socialist theory is diverse, and there is no single body of thought that is universally shared by all socialists. Rather, different socialist ideologies have arrived at similar conclusions by different paths. There are some common themes, however. One such theme is the idea that humans are inherently social beings that require social interaction and the companionship of others in order to survive and develop both physically and mentally. Individuals cannot maintain their humanity if they are separated from the rest of society for too long. Thus, socialists believe that the individual and society are inseparable, and they reject individualistic schools of thought which assert that society is the voluntary creation of individuals who chose to interact with each other.
Marxism is an ideology which has had a powerful influence on socialist thought. For almost a hundred years, from the mid-19th century to the 1940s or 50s, the majority of socialists were Marxists of one kind or another. This has no longer been the case for several decades, but Marxist ideas - particularly notions of class struggle - are common themes across a broad range of modern socialist groups. Marxism itself continues to be a strong current in the broader socialist movement.
Many Marxists, past and present, use the term socialism to refer to the form of society that is supposed to replace capitalism and later develop into communism.Within the socialist movement, there are several different ideas on how to create a socialist society and economic system, and what form this society would take.