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Socialism

Sociopolitical economic philosophy and system

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Socialism: Sociopolitical economic philosophy and system
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.

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Hard-right ECR group gets powerful EU Commission post, stirring Parliament [Video]

Hard-right ECR group gets powerful EU Commission post, stirring Parliament

Socialists, Liberals and Greens oppose von der Leyen's appointment of Italian hard-right Raffaele Fitto (ECR) as executive vice-president of the new European Commission.

Credit: euronews (in English)     Duration: 02:21Published

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