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State socialism can be used to classify any variety of socialist philosophies that advocates the ownership of the means of production by the state apparatus, either as a transitional stage between capitalism and socialism, or as an end-goal in itself. Typically, it refers to a form of technocratic management, whereby technical specialists ...
A socialist economy is a system of production where goods and services are produced directly for use, in contrast to a capitalist economic system, where goods and services are produced to generate profit (and therefore indirectly for use). "Production under socialism would be directly and solely for use.
While socialism is frequently used to describe socialist states and Soviet-style economies, especially in the United States due to the First and Second Red Scares, democratic socialists use socialism to refer to the tendency that rejects the ideas of authoritarian socialism and state socialism as socialism, [40] regarding them as a form of ...
The term socialism was coined in the 1830s and it was first used to refer to philosophical or moral beliefs rather than any specific political views. Alexandre Vinet, who claimed to have been the first person to use the term, defined socialism simply as "the opposite of individualism". [26]
According to Hayek, it is in this way that it becomes possible for totalitarian leaders to rise to power as happened in the years following World War I. [43] Austrian School economists such as Hayek and his mentor Ludwig von Mises also used the word socialism as a synonym for authoritarian socialism, central planning and state socialism ...
The French socialist Saint-Simonists of the 1820s and 1830s used slogans such as, "from each according to his ability, to each ability according to its work" [3] or, "From each according to his capacity, to each according to his works.” [4] Other examples of this can be found from Ferdinand Lassalle's and Eugen Dühring's statements to Leon ...
Although our list of socialist candidates in the 2024 election included fewer total candidates than in 2018, 2020, or 2022, this does not necessarily mean that socialism is on the decline in the ...
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.