Portal:Socialism

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Socialism is an economic and political philosophy encompassing diverse economic and social systems characterised by social ownership of the means of production, as opposed to private ownership. It describes the economic, political, and social theories and movements associated with the implementation of such systems. Social ownership can take various forms, including public, community, collective, cooperative, or employee. Traditionally, socialism is on the left wing of the political spectrum. Types of socialism vary based on the role of markets and planning in resource allocation, and the structure of management in organizations.

The socialist political movement includes political philosophies that originated in the revolutionary movements of the mid-to-late 18th century and out of concern for the social problems that socialists associated with capitalism. By the late 19th century, after the work of Karl Marx and his collaborator Friedrich Engels, socialism had come to signify anti-capitalism and advocacy for a post-capitalist system based on some form of social ownership of the means of production. By the early 1920s, communism and social democracy had become the two dominant political tendencies within the international socialist movement, with socialism itself becoming the most influential secular movement of the 20th century. Many socialists also adopted the causes of other social movements, such as feminism, environmentalism, and progressivism. (Full article...)

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The World Socialist Movement (WSM) is an international organisation of socialist parties created in 1904 with the founding of the Socialist Party of Great Britain. The member parties share a common classical Marxist worldview and an adherence to socialism defined as a distinct economic system from capitalism. As a result, the parties of the World Socialist Movement are held in sharp contrast to social democratic political parties and Marxist–Leninist movements. In contrast to social democratic parties, the World Socialist parties do not pursue social and economic reforms to capitalism, nor do they seek political office in electoral politics, and they do not focus on "progressive" causes, believing such actions to be irrelevant to their fundamental goal of socialism. In contrast to Marxist–Leninist Communist parties, they do not subscribe to the theories of imperialism, vanguardism and democratic centralism, believing such practices to be antithetical to the realisation of socialism.

The World Socialist Party of the United States (WSPUS) defines socialism as a moneyless society based on common ownership of the means of production, production for use, and social relations based on cooperative and democratic associations as opposed to bureaucratic hierarchies. Additionally, the WSPUS includes statelessness, classlessness and the abolition of wage labor as characteristics of a socialist society—characteristics that are usually reserved to describe a communist society.


Eduard Bernstein (German: [ˈeːduaʁt ˈbɛʁnʃtaɪn]; 6 January 1850 – 18 December 1932) was a German social democratic Marxist theorist and politician. A member of the Social Democratic Party of Germany (SPD), Bernstein had held close association to Karl Marx and Friedrich Engels, but he began to identify what he believed to be errors in Marxist thinking and began to criticize views held by Marxism when he investigated and challenged the Marxist materialist theory of history. He rejected significant parts of Marxist theory that were based upon Hegelian metaphysics and rejected the Hegelian perspective of an immanent economic necessity to socialism. (Full article...)

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