What is socialism? | Britannica
According to the socialist view, individuals do not live or work in isolation but live in cooperation with one another. Furthermore, everything that people produce is in some sense a social product, and everyone who contributes to the production of a good is entitled to a share in it.
socialism summary | Britannica
Second International, federation of socialist parties and trade unions that greatly influenced the ideology, policy, and methods of the European labour movement from the last decade of the 19th century to the beginning of World War I.
Democratic socialism | Definition, Explanation, & Examples
Nov 28, 2024 · Democratic socialism, political ideology that supports the establishment of a democratically run and decentralized form of socialist economy. Modern democratic socialists vary widely in their views of how a proper socialist economy should function, but all share the goal of abolishing capitalism
socialism - Students | Britannica Kids | Homework Help
The word socialist was coined in about 1830 to describe various intellectuals and reformers who advocated some form of public control or ownership of productive property, including land. Thus socialism came to refer to the programs of these figures.
People Known for: history and society - socialism | Britannica
Victor Berger was a founder of the U.S. Socialist Party, the first Socialist elected to Congress. Berger immigrated to the United States in 1878. He taught public school in Milwaukee for a time and from...
American Socialism | Pros, Cons, Debate, Arguments, Democracy ...
Dec 9, 2024 · Socialist policies, particularly a wealth tax, could redistribute wealth and aid Americans who have been penalized by a structurally inequitable system. Those who support socialist policies believe that the measures could “create a fairer, more generous system,” and “build upon…and improve capitalism.”
socialism - Kids | Britannica Kids | Homework Help
Socialism is a way to organize a society. It deals mostly with the economy, or the part of a society that creates wealth. The goal of socialism is to spread wealth more evenly and to treat all people fairly. People have had different ideas about how to create a socialist society.
How is communism different from socialism? | Britannica
Exactly how communism differs from socialism has long been a matter of debate. Karl Marx used the terms interchangeably. For many, however, the difference can be seen in the two phases of communism as outlined by Marx. The first is a transitional system in which the working class controls the government and economy yet still pays people according to how long, hard, or …
Marxism | Definition, History, Ideology, Examples, & Facts | Britannica
Nov 20, 2024 · Marxism justifies and predicts the emergence of a stateless and classless society without private property. That vaguely socialist society, however, would be preceded by the violent seizure of the state and the means of production by the …
Vietnam - Politics, Economy, Society | Britannica
5 days ago · Vietnam - Politics, Economy, Society: The first constitution of the Socialist Republic of Vietnam, adopted in 1980, established a Council of State as a collective presidency and a Council of Ministers.