Socialism

Socialism refers to a broad array of ideologies and political movements with the goal of a socio-economic system in which property and the distribution of wealth are subject to control by the community.[1] This control may be either direct--exercised through popular collectives such as workers' councils--or indirect--exercised on behalf of the people by the state. As an economic system, socialism is often characterized by state, worker, or community ownership of the means of production, goals which have been attributed to, and claimed by, a number of political parties and governments throughout history.

The modern socialist movement largely originated in the late-19th century working class movement. In this period, the term 'socialism' was first used in connection with European social critics who criticized capitalism and private property. For Karl Marx, who helped establish and define the modern socialist movement, socialism would be the socioeconomic system that arises after the proletarian revolution, in which the means of production are owned collectively. This society would then progress into communism.

Since the 19th century, socialists have not agreed on a common doctrine or program. Various adherents of socialist movements are split into differing and sometimes opposing branches, particularly between reformists and revolutionaries. Some socialists have championed the complete nationalization of the means of production, while social democrats have proposed selective nationalization of key industries within the framework of mixed economies. Some Marxists, including those inspired by the Soviet model of economic development, have advocated the creation of centrally planned economies directed by a state that owns all the means of production. Others, including Communists in Yugoslavia and Hungary in the 1970s and 1980s, Chinese Communists since the reform era, and some Western economists, have proposed various forms