What is socialism by definition and according to who?
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Feb 12
Socialism is an economic and political ideology that advocates for the collective ownership and control of the means of production, distribution, and exchange. It aims to establish a more equitable society by reducing social and economic inequalities.
The definition of socialism can vary depending on the perspective and context. However, it is commonly associated with the works of Karl Marx and Friedrich Engels, who developed the theory of scientific socialism in the 19th century. They argued that socialism would be the transitional stage between capitalism and communism, where the working class would take control of the means of production and establish a classless society.
Other prominent socialist thinkers and movements have contributed to the development and interpretation of socialism, including Rosa Luxemburg, Vladimir Lenin, Leon Trotsky, and more contemporary figures like Bernie Sanders and Jeremy Corbyn. Each of these individuals and groups may have nuanced variations in their understanding and application of socialism.