What is socialism?

Socialism is a political and economic ideology that strives for equality and solidarity in society. In socialism, the role of the state is central and it aims to guarantee basic needs for all citizens, such as health care, education and housing. Socialism also aims to reduce inequality and class differences in society.

The basic idea of ​​socialism is that the means of production, such as factories and land, should be jointly owned and that production should be planned according to the needs of society. This differs from capitalism, where the means of production are privately owned and production is based on the pursuit of profit.

However, there is a lot of variation in the different forms of socialism. For example, in democratic socialism the aim is to combine socialist principles with democratic decision-making, while in authoritarian socialism the state can be very strong and centralized.

The history of socialism stretches back to the 19th century, when the first socialist movements began to form as a result of industrialization. Well-known socialists include, for example, Karl Marx and Friedrich Engels, who developed the theory of communism. Today, many political parties around the world support socialism, and socialist principles have been implemented to varying degrees in different countries.

Sources: Wikipedia, Mailma.net