Socialism: social and economic doctrine calling for public rather than private ownership or control of property and natural resources. According to the socialist view, individuals do not live or work in isolation but live in cooperation with one another. Furthermore, everything that people produce is in some sense a social product, and everyone who contributes to the production of a good is entitled to a share in it.
Society as a whole, therefore, should own or at least control property for the benefit of all its members.
Socialists argue capitalism leads to unfair and exploitative concentrations of wealth and power in the hands of the relative few who emerge victorious from free-market competition—people who then use their wealth and power to reinforce their dominance in society. (the 1/10th of 1% we have in America today)
Because such people are rich, they may choose where and how to live, and their choices in turn limit the options of the poor. As a result, terms such as individual freedom and equality of opportunity may be meaningful for capitalists but can only ring hollow for working people, who must do the capitalists’ bidding if they are to survive.
As socialists see it, true freedom and true equality require social control of the resources that provide the basis for prosperity in any society.
Socialists may diverge-disagree among themselves with regard to two key points:
- First: concerns extent and kind of property society should own or control. Some socialists have thought almost everything except personal items such as clothing should be public property. Other socialists have been willing to accept or even welcome private ownership of farms, shops, and other small or medium-sized businesses.
- Second: disagreement concerns the way in which society is to exercise control of property and other resources. In this case, main camps consist of loosely defined groups of centralists and decentralists.
On the centralist side are socialists who want to invest public control of property in some central authority, such as the state—or the state under the guidance of a political party, as was the case in the Soviet Union (USSR-Communism).
Decentralists believe decisions about the use of public property and resources should be made at the local, or lowest-possible, level by the people who will be most directly affected by those decisions.
This conflict has persisted throughout the history of socialism as a political movement.
... Republicans are very quick calling Progressivism - Socialism (many calling Progressivism new-Communism), but there are MAJOR differences:
Socialism versus Progressivism:
Socialism is an economic system where government runs and controls production resources collectively owned by society to achieve its common good.
Progressivism is a political philosophy seeking to raise the standard of living of the average member of society in order to achieve a positive social change.
While socialism and progressivism both seek economic and political equality of all members of society, they differ in their views and approaches:
Socialists want to abolish capitalism as they believe it exploits the working class. They want the working class to play an overpowering role in shifting society from capitalism to socialism either through a popular vote or going on a general strike or even going to the extreme of uprising or revolution.
Progressives believe capitalism is the most expeditious way to grow wealth of society under a "regulated business environment." They want to attain social change gradually. They do not expect the working class to play a major role in the social change they want. They also object to any form of violence to achieve social change.
Progressives believe the approach of the socialists in achieving social change is too drastic and could cause social unrest. Instead, progressives work to convince the less-privileged-poor in society to be questioning-critical of capitalist-plutocracy in order to influence the working class to vote progressives into office and perform the government obligation[s] of improving life for the entire-overall-community of citizens.
Socialism promotes a planned economy - wherein the blueprint for the production and distribution of goods and services is determined ahead of time. Socialists also believe in the equitable distribution of productivity gains. They believe that those who worked more, deserve to be given more.
Progressivism goes for a mixed economy - where basic features of capitalism and socialism are present. Progressives support economic egalitarianism and treat members of society as co-equals in terms of their right to use the economic resources and wealth and their contribution to such wealth and resources.
... they're different - very different ... unregulated-capitalism is profit at-any-all-cost[s], to society & environment ... and that's just way-too-expensive
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