noun a political and economic theory advocating for collective or governmental ownership and administration of the means of production and distribution of goods
Socialism is a political and economic theory advocating for collective ownership and democratic control of the means of production.
Philosophers have debated the ethical and moral implications of socialism, particularly in terms of distributive justice and individual rights.
The history of socialism includes various movements and revolutions that have sought to implement socialist principles in different societies.
Socialism is studied in sociology as a social and economic system that aims to reduce inequality and promote social welfare.
In economics, socialism is often contrasted with capitalism as a system where the means of production are owned and controlled by the state or the workers.
Socialism is often a topic of discussion in political and economic writings, with writers exploring its principles, history, and impact on society.
Psychologists may study the psychological effects of living in a socialist society, examining factors such as equality, social cohesion, and individual well-being.
Economists analyze the economic systems of socialist countries, comparing them to capitalist and mixed economies to understand their strengths and weaknesses.
Political scientists study the ideologies and policies associated with socialism, analyzing how they influence governance, public opinion, and international relations.
Sociologists may research the social structures and dynamics of socialist societies, examining issues such as class relations, power distribution, and social mobility.