| Saturday, August 16, 2008 - 12:50 am |
FYI-Socialism refers to any of various economic and political concepts of state or collective (i.e. public) ownership and administration of the means of production and distribution of goods and services, some of which have been developed into more or less highly articulated theories and/or praxis.  In a Marxist or labor-movement definition of the term, socialism is a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done with the goal of creating a socio-economic system in which property and the distribution of wealth are subject to control by the community.  This control may be exercised on behalf of the state, through a market, or through popular collectives such as workers' councils and cooperatives. As an economic system, socialism is often characterized by state, cooperative, or worker ownership of the means of production, goals which have been attributed to, and claimed by, a number of political parties and governments.