Socialism

Day 2,900, 02:04 • Published in USA USA • by nonak
Socialism is a common name for a very broad scope of a political ideology. In general it advocates state or collective ownership and administration of means of production and distribution of goods. Karl Marx thought that Socialism was the in between stage of capitalism and communism. He thought it would be achieved through the idea of the proletarian. All Socialists think that Capitalism can cause unfair distributions of wealth causing all power to go to a small elite. Therefore socialists advocate the creation of an egalitarian society, in which wealth and power are distributed more evenly, although there is considerable disagreement among socialists over how, and to what extent this could be achieved.
Overall Socialist types can be broken down into reformists and revolutionaries. Some socialists advocate complete nationalization of the means of production, distribution, and exchange; while others advocate state control of capital within the framework of a market economy. Social Democrats, like those in the Socialist International wish for selective nationalization of industries.