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Market socialism refers to an array of different economic theories and systems that use the market mechanism to organise production and to allocate factor inputs among socially owned enterprises, with the economic surplus (profits) accruing to society in a social dividend as opposed to private capital owners. [124]
In most socialist theories, economic planning only applies to the factors of production and not to the allocation of goods and services produced for consumption, which would be distributed through a market. Karl Marx stated that "lower-stage communism" would consist of compensation based on the amount of labor one contributes to the social product.
"The Arab Republic of Egypt is a Socialist Democratic State based on the alliance of the working forces of the people." The 2007 Amendments removed the mentioned of Egypt as a socialist state from Article One. [78] [79] [80] Socialism was still mentioned in the preamble and other sections, but fully removed following the 2011 revolution. [81 ...
The term socialist state is widely used by Marxist–Leninist parties, theorists, and governments to mean a state under the control of a vanguard party that is organizing the economic, social, and political affairs of said state toward the construction of socialism.
In Marxist theory, socialism refers to a specific stage of social and economic development that will displace capitalism, characterized by coordinated production, public or cooperative ownership of capital, diminishing class conflict and inequalities that spawn from such and the end of wage-labor with a method of compensation based on 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. [11] Social ownership can be public, collective or cooperative ownership, or citizen ownership of equity. [12]
“We at the Arab Student Association do not agree with the Socialist Revolution’s appropriation of the word ‘intifada’ and the continued appropriation of our call for ‘ceasefire now ...
Democracy is an obstacle to this suppression of freedom which the centralized direction of economic activity requires. Hence arises the clash between planning and democracy". [43] Hayek argued that both fascism and socialism are based in central economic planning and value