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Socialism


 

Socialism is an ideology with the core belief that a society should exist in which popular collectives control the means of power, and therefore the means of production. In application, however, the de facto meaning of socialism has changed with time. Although it is a politically loaded term, it remains strongly related to the establishment of an organized working class, created through either revolution or social evolution, with the purpose of building a classless society. It has also, increasingly, become concentrated on social reforms within modern democracies. This concept and the term Socialist also refer to a group of ideologies, an economic system, or a state that exists or has existed.

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