Peephole
Master Poster
- Joined
- Aug 21, 2006
- Messages
- 2,584
This is socialism:
It's awesome and you want it.Socialism refers to various theories of economic organization advocating public or direct worker ownership and administration of the means of production and allocation of resources, and a society characterized by equal access to resources for all individuals with a method of compensation based on the amount of labor expended.
Most socialists share the view that capitalism unfairly concentrates power and wealth among a small segment of society that controls capital and derives its wealth through exploitation, creates an unequal society, does not provide equal opportunities for everyone to maximise their potentialities and does not utilise technology and resources to their maximum potential nor in the interests of the public.
Friedrich Engels, one of the founders of modern socialist theory, and Utopian socialist Henri di Saint Simon advocated the creation of a society that allows for the widespread application of modern technology to rationalise economic activity by eliminating the anarchy in production of capitalism. This would allow for wealth and power to be distributed based on the amount of work expended in production, although there is disagreement among socialists over how and to what extent this could be achieved.
Socialism is not a concrete philosophy of fixed doctrine and programme; its branches advocate a degree of social interventionism and economic rationalisation (usually in the form of economic planning), sometimes opposing each other. A dividing feature of the socialist movement is the split between reformists and revolutionaries on how a socialist economy should be established. Some socialists advocate complete nationalisation of the means of production, distribution, and exchange; others advocate state control of capital within the framework of a market economy.
http://en.wikipedia.org/wiki/Socialism
