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Socialism is an economic and political philosophy encompassing diverse economic and social systems characterised by social ownership of the means of production, as opposed to private ownership. It describes the economic, political, and social theories and movements associated with the implementation of such systems. Social ownership can take various forms, including public, community, collective, cooperative, or employee. As one of the main ideologies on the political spectrum, socialism is considered the standard left wing ideology in most countries of the world. Types of socialism vary based on the role of markets and planning in resource allocation, and the structure of management in organizations.

The socialist political movement includes political philosophies that originated in the revolutionary movements of the mid-to-late 18th century and out of concern for the social problems that socialists associated with capitalism. By the late 19th century, after the work of Karl Marx and his collaborator Friedrich Engels, socialism had come to signify anti-capitalism and advocacy for a post-capitalist system based on some form of social ownership of the means of production. By the early 1920s, communism and social democracy had become the two dominant political tendencies within the international socialist movement, with socialism itself becoming the most influential secular movement of the 20th century. Many socialists also adopted the causes of other social movements, such as feminism, environmentalism, and progressivism. (Full article...)

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Liberal socialism is a socialist political philosophy that incorporates liberal principles. Liberal socialism does not have the goal of completely abolishing capitalism and replacing it with socialism; instead, it supports a mixed economy that includes both private property and social ownership in capital goods.

Although liberal socialism unequivocally favors a mixed market economy, it identifies legalistic and artificial monopolies to be the fault of capitalism and opposes an entirely unregulated economy. It considers both liberty and equality to be compatible and mutually dependent on each other. Principles that can be described as "liberal socialist" are based on the works of philosophers such as Mill, Bernstein, Dewey, Rosselli, Bobbio, Mouffe and Polanyi. Other important liberal socialist figures include Guido Calogero, Gobetti, Hobhouse, Keynes, and Tawney. To Karl Polanyi, liberal socialism's goal was overcoming exploitative aspects of capitalism by expropriation of landlords and opening to all the opportunity to own land. Liberal socialism has been particularly prominent in British and Italian politics.

Liberal socialist's seminal ideas can be traced to John Stuart Mill. Mill theorised that capitalist societies should experience a gradual process of socialisation through worker-controlled enterprises, coexisting with private enterprises. Mill rejected centralised models of socialism, that could discourage competition and creativity, but argued that representation is essential in a free government and democracy could not subsist if economic opportunities were not well distributed, therefore conceiving democracy not just as form of representative government, but as an entire social organisation.


De Leon in 1902
Daniel De Leon (/də ˈlɒn/; December 14, 1852 – May 11, 1914), alternatively spelt Daniel de León, was a Curaçaoan-American socialist newspaper editor, politician, Marxist theoretician, and trade union organizer. He is regarded as the forefather of the idea of revolutionary industrial unionism and was the leading figure in the Socialist Labor Party of America from 1890 until the time of his death. De Leon was a co-founder of the Industrial Workers of the World and much of his ideas and philosophy contributed to the creations of Socialist Labor parties across the world, including: Australia, the United Kingdom, Canada, and the Socialist Trade and Labor Alliance. (Full article...)

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