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Criticism of socialism is any critique of socialist economics and socialist models of organization and their feasibility, as well as the political and social implications of adopting such a system. Some critiques are not necessarily directed toward socialism as a system but rather toward the socialist movement, parties, or existing states.
This is an accepted version of this page This is the latest accepted revision, reviewed on 21 January 2025. Political philosophy emphasising social ownership of production For other uses, see Socialism (disambiguation). Part of a series on Socialism History Outline Development French Revolution Revolutions of 1848 Socialist calculation debate Socialist economics Ideas Calculation in kind ...
Democratic socialism is defined as having a socialist economy in which the means of production are socially and collectively owned or controlled [3] alongside a democratic political system of government. [39] Democratic socialists reject most self-described socialist states, which followed Marxism–Leninism. [40]
Socialism has been described as a philosophy seeking distributive justice, and communism as a subset of socialism that prefers economic equality as its form of distributive justice. [77] In 19th century Europe, the use of the terms communism and socialism eventually accorded with the cultural attitude of adherents and opponents towards religion.
Democratic socialism is a broad political movement that seeks to propagate the ideals of socialism within the context of a democratic system, as was done by Western social democrats, who popularized democratic socialism as a label to criticize the perceived authoritarian or non-democratic socialist development in the East, during the 19th and ...
This is the socialism of the labor, social-democratic, and socialist parties of Western Europe." [14] Economist and political theorist Kenneth Arrow argued: "We cannot be sure that the principles of democracy and socialism are compatible until we can observe a viable society following both principles. But there is no convincing evidence or ...
Pros and cons of government 457(b) retirement plans. James Royal, Ph.D. February 14, 2024 at 1:41 PM. Like its better-known sibling — the 401(k) — a 457(b) retirement plan is a tax-advantaged ...
Socialism – range of economic and social systems characterised by social ownership of the means of production and workers' self-management [10] as well as the political theories and movements associated with them.