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Socialism refers to a broad set of economic theories of social organization advocating state or collective ownership and administration of the means of production and distribution of goods, and the creation of an egalitarian society. Modern socialism originated in the late nineteenth-century working class political movement. Karl Marx posited that socialism would be achieved via class struggle and a proletarian revolution which represents the transitional stage between capitalism and communism.
Socialists mainly share the belief that capitalism unfairly concentrates power and wealth among a small segment of society that controls capital and creates an unequal society. All socialists advocate the creation of an egalitarian society, in which wealth and power are distributed more evenly, although there is considerable disagreement among socialists over how, and to what extent this could be achieved.
Socialism is not a discrete philosophy of fixed doctrine and program; its branches advocate a degree of social interventionism and economic rationalization, sometimes opposing each other. Another dividing feature of the socialist movement is the split on how a socialist economy should be established between the reformists and the revolutionaries. Some socialists advocate complete nationalization of the means of production, distribution, and exchange; while others advocate state control of capital within the framework of a market economy. Social democrats propose selective nationalization of key national industries in mixed economies combined with tax-funded welfare programs; Libertarian socialism (which includes Socialist Anarchism and Libertarian Marxism) rejects state control and ownership of the economy altogether and advocates direct collective ownership of the means of production via co-operative workers' councils and workplace democracy.
In the 1970s and the 1980s, Yugoslavian, Hungarian, Polish and Chinese Communists instituted various forms of market socialism combining co-operative and State ownership models with the free market exchange. This is unlike the earlier theoretical market socialist proposal put forth by Oskar Lange in that it allows market forces, rather than central planners to guide production and exchange. Anarcho-syndicalists, Luxemburgists (such as those in the Socialist Party USA) and some elements of the United States New Left favor decentralized collective ownership in the form of cooperatives or workers' councils.
It's not that I want to punish your success. I just want to make sure that everybody who is behind you, that they've got a chance for success too," Obama responded. "My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody ... I think when you spread the wealth around, it's good for everybody."
I am American born and bred, southern boy and I am sometimes embarrassed about the degree of ignorance in this nation of ours, its simply appalling....
All socialists advocate the creation of an egalitarian society, in which wealth and power are distributed more evenly, although there is considerable disagreement among socialists over how, and to what extent this could be achieved.
Originally posted by Hastobemoretolife
Well why does he believe in spreading the wealth around?
Why does he believe increasing the amount of welfare support?
Why does he believe that everybody should volunteer their time regardless their walk of life?
Why does he believe in 'voluntary' community service for kids aged from 14-24?
Why does he believe in extending public education to include zero-to-five education?
Why does he believe in raising taxes on the rich just because it's 'fair'?
Why does he want to implement a whole lot of new social programs for volunteer work?
communitarianism |kəˌmyoōniˈte(ə)rēəˌnizəm|
noun
a theory or system of social organization based on small self-governing communities.
• an ideology that emphasizes the responsibility of the individual to the community and the social importance of the family unit.
DERIVATIVES
communitarian |kəˈmjunəˈtɛriən| adjective & noun.
ORIGIN mid 19th cent.: from community + -arian , on the pattern of words such as unitarian.
Which would make sense given Obama's history as a community organizer. Which also explains why his campaign is so effective.