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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.
As a term, socialism represents a broad range of theoretical and historical socioeconomic systems and has also been used by many political movements throughout history to describe themselves and their goals, generating a variety of socialism types. [8] Socialist economic systems can be further divided into market and non-market forms. [14]
While socialism is commonly used to describe Marxism–Leninism and affiliated states and governments, there have also been several anarchist and socialist societies that followed democratic socialist principles, encompassing anti-authoritarian and democratic anti-capitalism. [146]
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.
This is an accepted version of this page This is the latest accepted revision, reviewed on 9 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 ...
A number of Wikipedia articles contain pro and con lists: lists of arguments for and against some particular contention or position.These take several forms, including lists of advantages and disadvantages of a technology; pros and cons of a proposal which may be as technical as Wi-Fi or otherwise; and lists of criticisms and defenses of a political position or other view (such as socialism or ...
Given the cons above, it’s easy to see crypto is a highly speculative and volatile investment. If you do want to gain some exposure to crypto, consider investing in spot Bitcoin or Ethereum ETFs .
Mises and Hayek argued that this is the only possible solution and, without the information provided by market prices, socialism lacks a method to rationally allocate resources. The debate raged in the 1920s and 1930s and that specific period of the debate has come to be known by economic historians as the socialist calculation debate . [ 49 ]