What is the basic definition of socialism?

Socialism is an economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. In Marxist theory, it is a transitional (temporary) social state between the capitalism and Communism. read more

Socialism with Chinese characteristics combines the basic principles of scientific socialism with the facts of building socialistic China. Socialism is the common rule and essential feature of the practice, and Chinese characteristics are what the basic principles of socialism really represent in China. read more

Socialism refers to a broad array of ideologies and political movements with the goal of a socio-economic system in which property and the distribution of wealth are subject to control by the community[1] for the purposes of increasing social and economic freedom, equality and cooperation. read more