Socialism
Definition
Socialism is a political ideology that advocates for economic equality through state ownership of businesses and resources.
Related terms
Communism: A political theory derived from Karl Marx advocating class war leading to a society where all property is publicly owned and each person works according to their abilities but receives according to their needs.
Proletariat: In Marxist theory, this term refers to workers or working-class people regarded collectively (often used with reference to Marxism).
Bourgeoisie: In Marxist contexts, this term refers to capitalists; those who own most society's wealth and means of production.
"Socialism" appears in:
Subjects (8)
Study guides (1)
Practice Questions (3)
Which philosopher argued for the rights of workers and advocated for socialism during the Industrial Revolution?
What did the emergence of socialism during the second half of the nineteenth century propose as a solution to capitalist exploitation?
What did the development of socialism as a political ideology during this period advocate for?
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