What Exactly Is A Socialist Economy?

Socialism

Sanders Makes Case For Democratic Socialism After Criticism

Types of socialism embody a variety of financial and social techniques characterised by social ownership and democratic control of the means of production and organizational self-management of enterprises as well as the political theories and movements related to socialism. Social ownership could refer to forms of public, collective or cooperative possession, or to citizen possession of fairness by which surplus value goes to the working class and hence society as an entire.

Different self-described socialists have used the term socialism to check with various things such as an financial system, a sort of society, a philosophical outlook, a group of moral values and beliefs, or perhaps a sure type of human character. Some definitions of socialism are very imprecise whereas others are so specific that they only include a small minority of the issues that have been described as socialism in the … Read More