What is Socialism?
Did you know?
Nearly every dictator in history was a capitalist.
There are numerous misconceptions about what socialism is; these misconceptions are fueled by capitalist propaganda. Capitalists have engaged in an intentional campaign of misinformation for the past several decades. The capitalist propaganda has one goal; that goal is – To keep the workforce loyal to the very system that oppresses them. Capitalism oppresses the workforce.
Socialism, on the other hand, liberates workers. The long and the short of it is – Socialism is working-class politics.
Socialism is often defined in similar terms as this:
Socialism is a social and economic system characterized by social ownership of the means of production and co-operative management of the economy, as well as a political theory and movement that aims at the establishment of such a system.
Social ownership may refer to cooperative enterprises, common ownership, state ownership, citizen ownership of equity, or any combination of these. As one can see, socialism can take on many different forms depending on how the society chooses to define “social ownership.” Regardless of what definition of “social ownership” is being used, the goal is the same – an equitable distribution of the profits among every worker who helped in the production of those profits.
Socialism is actually a regulated form of capitalism. The imposed regulations ensure that those placed in positions of trust, those who oversee and manage the work, equitably distributes the profits produced by the workforce. A progressive tax system is used to regulate that distribution; so, socialism does redistribute wealth. Socialism redistributes the wealth that was not distributed correctly in the first place.
Unlike the arguments put forth by capitalist propaganda, socialism does not oppress the masses. It is actually capitalism that oppresses people with under-employment and low-wages. Socialism restricts those who have been placed in position of trust from using their positions to oppress others. Or another way of putting it – Socialism oppresses the capitalist's ability to oppress the workforce.