What is socialism: Socialism isn’t about taking away freedom

Socialism isn’t about taking away freedom or punishing success. It’s about ensuring fairness, opportunity, and dignity for all. Here’s what modern socialism actually means, why it gets such ... Socialism emerged as a political and economic doctrine aiming to provide a more humane and socially worthwhile alternative to capitalism through substituting the capitalist mode of production by socialist mode of production (Heywood, 2012, 97). Socialism contended the private ownership and competitive free-market system of capitalism as the primary cause of social inequality in the society and therefore envisaged for a centrally planned economic system directed and organized by the state ... Socialism is a system in which every person in the community has an equal share of the various elements of production, distribution, and exchange of resources. Such a form of ownership is granted through a democratic system of governance. Socialism is a system of social reconstruction that aims to eliminate private ownership and promote collective benefits. Learn about the different types of socialism, the early socialist thinkers, the Marxian theory of socialism, and the challenges to socialism in India and globally.