Socialism | Vibepedia

Socialism is an economic and political philosophy that advocates for social ownership of the means of production, as opposed to private ownership, with the goal of promoting economic and social equality. It encompasses diverse economic and social systems, including public, community, collective, cooperative, or employee ownership. Socialism is a major ideology on the political spectrum, with various types and forms, including non-market and market socialism, as seen in the works of Karl Marx, Friedrich Engels, and Vladimir Lenin, and implemented in countries such as the Soviet Union, China, and Cuba, with influences from philosophers like Jean-Jacques Rousseau, Adam Smith, and John Maynard Keynes.