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Other socialist theories, such as mutualism and market socialism, attempt to apply the labor theory of value to socialism, so that the price of a good or service is adjusted to equal the amount of labor time expended in its production. The labor-time expended by each worker would correspond to labor credits, which would be used as a currency to ...
The original conception of socialism was an economic system whereby production was organised in a way to directly produce goods and services for their utility (or use-value in classical and Marxian economics), with the direct allocation of resources in terms of physical units as opposed to financial calculation and the economic laws of ...
"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 socialist mode of production, also known as socialism or communism, [a] is a specific historical phase of economic development and its corresponding set of social relations that emerge from capitalism in the schema of historical materialism within Marxist theory.
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 ...
President Sabha Randhawa’s online statement doesn’t mention the group Social Revolution, which is planning the protest, but it refers to posters advertising the event that use the phrase ...
Mutualism is an anarchist school of thought and market socialist economic theory that advocates a socialist society where each person possess a means of production, either individually or collectively, with trade representing equivalent amounts of labor in the free market. [76]
Intifada (Arabic: انتفاضة, romanized: intifāḍah) is an Arabic word for a rebellion or uprising, or a resistance movement.It can be used to refer to an uprising against oppression.