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| Name | What is Socialism? Explained in one minute. |
| Video Uploader | Video From Politics Explained |
| Upload Date | This Video Uploaded At 17-04-2022 12:45:29 |
| Video Discription | Socialists call for public rather than private control of the means of production, which are things like factories or other resources that are used to create value. Socialists often disagree over whether the economy should be managed by a central authority like the state or if the economy should be managed by local authorities directly elected by the people which the decisions will affect. Another disagreement is on the extent to which the economy is controlled by the public. With some socialists believing that almost everything except personal property like one's clothes should be in public ownership, and others even accepting private ownership of small businesses. However, most socialists believe in something in the middle of these extremes. Many governments which call themselves socialists, most of which are based on Leninism, are not democratic. However, many socialists do not consider these systems socialist because they don't represent the public in decisions over the economy and thus don't have public control of the means of production and the economy as a whole. In turn, adherents to such systems call these critics counterrevolutionary. Source: https://www.britannica.com/topic/socialism |
| Category | News & Politics |
| Tags | What is socialism | Socialism | Politics | What is | Karl Marx | Communism |
