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Socialism

(3,591 words)

Author(s): Altvater, Elmar | Ruddies, Hartmut | Dorn, Jacob H.
[German Version] I. Terminology The word socialism can denote a theoretical school of thought, a political movement (Parties), and a way of organizing the state and society. As a theoretical school, modern (as distinct from premodern) socialism emerged in the 19th century as a response to the unreasonable demands of dynamically expanding capitalistic control of the means of production (Capitalism). All conceptions of socialism share rejection of the individualistic profit principle based on a private economy as the sole or central means of guid…