Any of a number of economic and political systems that advocate communal or public ownership and governance of commodities production and distribution infrastructure. 2a: a social or community living system in which there is no private property. Socialism has been variously defined as "the government of the people, by the people, for the people" or a "system of society based on the principle of association between individuals or groups for establishing equality and harmony among them." These definitions show that socialism is more than just another term for communism. While both terms may be used interchangeably by some writers, others make a distinction between them. According to one view, communism is a transitional stage toward socialism; according to another, capitalism is a precursor of socialism.
Socialism is often associated with Marxism - a radical political ideology developed by Karl Marx and his colleagues during the 19th century. However, many other modern ideologies fall under this category including anarchist socialism, Christian socialism, and reformist socialism. In practice, most socialist governments are also Marxist-Leninist.
Socialism is generally defined as a system where the means of production are owned by the state instead of being privately owned. However, this is not a fixed rule and some socialist states have had private industry play an important role in their economy.
Socialism A system in which society owns and controls the means of production, generally in the form of the government. Capitalism. A free-enterprise economic system based on private property. Liberalism The belief that every man is equal before the law regardless of class, race, gender, or religion. Democracy A form of government in which the people exercise their will through elected representatives. Tyranny Absolute power corrupts absolutely. Oligarchy Rule by a few or one. Plutocracy Wealthy rule.
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Now let's go over how capitalism works.
Capitalism Is An Economic System In Which Businesses Are Owned By Individuals Or Corporations That Make Money By Selling Goods And Services At A Profit.
This system came about as a result of people learning how to make money by trading goods instead of working the land like they had for centuries. The early capitalists bought estates upon which they built factories that made products that people wanted. They sold these products at a profit which they used to buy more land and factories. This process continues today but now corporations use their money to influence politicians into giving them laws that protect their profits.
Socialism is a political, social, and economic ideology that encompasses a variety of economic and social systems that are distinguished by collective ownership of the means of production. Social ownership can take the form of public, communal, cooperative, or equity ownership. A socialist economy is one that has given up private property and market exchange relations in favor of state ownership or common management of major industries and services.
Europe has had many different forms of government over time, but they all can be grouped into two main types: parliamentary democracy and authoritarian dictatorship. In a parliamentary democracy, the executive power is separated from the legislative branch of government; instead, both roles are carried out by one person. The president of a parliamentary democracy is called "the head of state," who is also responsible for appointing officials such as judges and senior bureaucrats. The president does not have to be a member of Parliament; instead, they can be an elected official or a former commander-in-chief.
In an authoritarian dictatorship, only one role is performed by an individual: that of dictator. There is no parliament, and therefore no democratic process, involved in choosing an authoritarian leader. These people often seize power through military force or fraud. Once in power, an authoritarian leader usually continues to use violence to maintain their position, especially if they face opposition from within their own group.