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Quick Facts
- Cooperation rather than competition is emphasized.
- Karl Marx believed socialism would result in a stateless, classless society.
- Russia's attempted 1917 socialist revolution devolved into totalitarianism.
- Has often been mixed with capitalism and totalitarianism.
- Democratic control and decision making is an essential part of socialism.
Expert summary
The term "socialism" is used to refer to various theories of social and economic organization in which the means of goods production and distribution are owned collectively by a group of people or that group's government. Various forms and elements of socialism have existed throughout time, especially within religious institutions. However, the term is usually used in reference to theories which have been derived from the writings of Karl Marx and Friedrich Engels. Marx used the concept of socialism to represent the make-shift collectivism that would occur during the inevitable transition from capitalism to communism. Most of modern socialism claims to seek to create more egalitarian economies and societies with equal rights and access for... Read more
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New Socialist
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Encyclopedia of Economics (Biased)
This is a slightly biased analysis of socialism as it was implemented in Russia under Lenin and Stalin. Considers Leninism, Stalinism, and the USSR to be representative of socialism at large. -
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This is a website dedicated to the development of Parecon as an alternative to both Capitalism and failed 20th century socialism. It has developed out of the socialist tradition.
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Socialism vs Capitalism: Ronald Reagan
A short video about socialism and capitalism narrated by Ronald Reagan. It is a critical view of socialism. -
Path to Socialism
Milton Friedman talking about the path to socialism. Some excellent information and history in this video.
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Democracy vs Socialism
An image showing a paragraph about democracy and socialism in the twentieth century. -
Redistribution of Wealth Cartoon
A funny cartoon depicting redistribution of wealth. This cartoon is definitely critical of socialist ideas. -
The Last Nations
A cartoon showing the three major communist/socialist nations that remain. Very funny caricatures.
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Socialism: A Very Short Introduction
A short introduction to socialism by Michael Newman. It is well written and an enjoyable read, check it out. -
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The Case for Socialism is an excellent book written by Alan Maass. He puts together a well written argument for socialism. -
The Rise and Fall of Socialism
The Rise and Fall of Socialism by Joshua Muravchik. A critical look at the socialist movement.
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