Socialism

Socialism is a large and diverse political tradition, unified by opposition to capitalism. Economically, socialists also typically support common ownership or some form of social, democratic control over the bulk of the means of production. There are various views on whether this requires central planning or is compatible with some form of market economy. Others understand socialism as a set of values, and either way, those who understand socialism in economic terms are often motivated by what they see as the ills of capitalism and the values that can be realized in a socialist society in their pursuit of these economic changes. Socialist values include ending exploitation and alienation and replacing them with human flourishing and self-realization, community, distributive justice, equality, and freedom. Some also see socialism as the way to environmental sustainability, gender equality, and racial justice. The question of socialist strategy—how to achieve socialism—has often been posed as a dichotomy between reform and revolution. This inadequately captures the content of fundamental disagreements among socialists. Instead, the disagreement can be understood as varying views on the use of parliamentary democracy in a capitalist state, the pace of social change, and the nature of the envisioned changes.