Socialism

Socialism is an ideology, economic and political theory advocating public/Common Ownership and a cooperative management of production and allocation of resources.

Communism, however, is a social and political movement towards a stateless (a society without a centralized government) and classless (a society in which no one is born into a social class) society. This would be structured around Common Ownership for production needs, the wage labour and private property.

Variants:

  • Democratic Socialism: Democratic Socialism seeks to establish an economy based on economic democracy by and for the working class. Democratic socialists may be revolutionary or reformist.
  • Libertarian Socialism: Libertarian socialism seeks a non-hierarchical, non-bureaucratic, stateless society without private property for production purposes. It is opposed to all coercive forms of social organization, and promotes free association in place of government.
  • Syndicalism (or trade-unionism): a political movement that operates through industrial trade unions and rejects State socialism. They advocate a socialist economy based on unions or syndicates of workers who own and manage industry.

Examples

One notable nation that follows Socialism is the Federation of Antillia, in which private ownership is outlawed and there is a community resource outlet program, where all citizens pool and take resources they need.