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  2. Those socialists believe there is no need for a state in a socialist system because there would be no class to suppress and no need for an institution based on coercion and therefore regard the state being a remnant of capitalism.

  3. The state. Socialism transforms the state but does not do away with it. What was a “dictatorship of the bourgeoisie” under capitalism becomes a “dictatorship of the proletariat” under socialism: a state controlled by and for the working class. (Since workers make up the vast majority, this is less authoritarian than it sounds.)

  4. May 12, 2024 · Should the United States become socialist? socialism, social and economic doctrine that calls for public rather than private ownership or control of property and natural resources. According to the socialist view, individuals do not live or work in isolation but live in cooperation with one another.

  5. Dec 18, 2023 · Socialism is a populist economic and political system based on the public ownership (also known as collective or common ownership) of the means of production. Those means include the machinery ...

    • Will Kenton
    • 2 min
  6. Socialism is, broadly speaking, a political and economic system in which property and the means of production are owned in common, typically controlled by the state or government. Socialism is based on the idea that common or public ownership of resources and means of production leads to a more equal society. General Socialism.

  7. Jul 15, 2019 · Market socialism affirms the traditional socialist desideratum of preventing a division of society between a class of capitalists who do not need to work to make a living and a class of laborers having to work for them, but it retains from capitalism the utilization of markets to guide production. There has been a lively debate on this approach ...

  8. Those socialists believe there is no need for a state in a socialist system because there would be no class to suppress and no need for an institution based on coercion and therefore, regard the state being a remnant of capitalism.

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