What does socialism advocate for?
Understand the Problem
The question is asking for an explanation of the core principles and goals of socialism, which is a political and economic theory advocating for collective or governmental ownership and administration of the means of production and distribution of goods.
Answer
Social ownership of the means of production.
Socialism advocates for social ownership of the means of production as opposed to private ownership.
Answer for screen readers
Socialism advocates for social ownership of the means of production as opposed to private ownership.
More Information
Socialism encompasses various systems characterized by the common or public ownership of resources and means of production. It aims to create a more equal society by redistributing wealth and reducing economic disparities.
Tips
A common mistake is to equate socialism solely with state control, neglecting the broader spectrum of socialist thought which includes decentralized, democratic control.
Sources
- Socialism | Wikipedia - en.wikipedia.org
- Socialism | Internet Encyclopedia of Philosophy - iep.utm.edu
- Socialism | Definition, History, Types, Examples, & Facts - Britannica - britannica.com
AI-generated content may contain errors. Please verify critical information
