Socialism

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Socialism is, according to Engels, the "direct product of the recognition of class antagonisms between capitalists and wage workers".[1] When we talk about it, we talk about proletarian socialism, which is the antithesis to capitalism; it is the stage of production in which labor is owned, controlled, and solely profited from by the proletariat, and is the bridge to communism.

Variations

Socialist ideologies are divided primarily on the basis of philosophy; utopian socialism vs scientific socialism. The former is used to refer to Marxism.

Proletarian socialism is a term used to describe socialist states that are a dictatorship of the proletariat, and is almost always an instance of applied scientific socialism. Exceptions to this include countries like Gaddafi's Libya, where the religious values of Islam have been applied to socialism.

Bourgeois socialism is a term used to describe bourgeois states bearing resemblance to socialism, with things like central planning of the national economy.

Notable socialist states:

Further Reading: