Socialism is a political, social, and economic philosophy encompassing a range of economic and social systems characterised by social ownership of the means of production. Social ownership can be public, collective, cooperative, or of equity.
How do you pronounce the word communism?
How do you spell socialist?
The noun socialist refers to someone who supports socialism.
Does the Bible support socialism?
In the New Testament, Jesus identifies himself with the hungry, the poor, the sick, and the prisoners. Matthew 25:31–46 is a major component of Christianity and is considered the cornerstone of Christian socialism.
What is socialism in simple words?
Socialism is a populist economic and political system based on public ownership (also known as collective or common ownership) of the means of production. Socialists contend that shared ownership of resources and central planning provide a more equal distribution of goods and services and a more equitable society.
David Nilsen is the former editor of Fourth & Sycamore. He is a member of the National Book Critics Circle. You can find more of his writing on his website at davidnilsenwriter.com and follow him on Twitter as @NilsenDavid.