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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. Traditionally, socialism is on the left wing of the political spectrum. Types of socialism vary based on the role of markets and planning in resource allocation, and the structure of management in organizations.

The socialist political movement includes political philosophies that originated in the revolutionary movements of the mid-to-late 18th century and out of concern for the social problems that socialists associated with capitalism. By the late 19th century, after the work of Karl Marx and his collaborator Friedrich Engels, socialism had come to signify anti-capitalism and advocacy for a post-capitalist system based on some form of social ownership of the means of production. By the early 1920s, communism and social democracy had become the two dominant political tendencies within the international socialist movement, with socialism itself becoming the most influential secular movement of the 20th century. Many socialists also adopted the causes of other social movements, such as feminism, environmentalism, and progressivism. (Full article...)

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Scientific socialism is the term first used by Friedrich Engels to describe the social-political-economic theory first pioneered by Karl Marx. The purported reason why this form of socialism is "scientific socialism" (as opposed to "utopian socialism") is that it is said to be based on the scientific method, in that its theories are held to an empirical standard, observations are essential to its development, and these can result in changes and/or falsification of elements of the theory.

Although the term socialism has come to mean specifically a combination of political and economic science, it is also applicable to a broader area of science encompassing what is now considered sociology and the humanities. The distinction between utopian and scientific socialism originated with Marx, who criticized the utopian characteristics of French socialism and English and Scottish political economy. Engels later argued that utopian socialists failed to recognize why it was that socialism arose in the historical context that it did, that it arose as a response to new social contradictions of a new mode of production, i.e. capitalism. In recognizing the nature of socialism as the resolution of this contradiction and applying a thorough scientific understanding of capitalism, Engels asserted that socialism had broken free from a primitive state and become a science. This shift in socialism was seen as complementary to shifts in contemporary biology sparked by Charles Darwin and the understanding of evolution by natural selection; Marx and Engels saw this new understanding of biology as essential to the new understanding of socialism, and vice versa.


Portrait by William Henry Brooke, 1834
Robert Owen (/ˈɪn/; 14 May 1771 – 17 November 1858) was a Welsh textile manufacturer, philanthropist and social reformer, and a founder of utopian socialism and the co-operative movement. He strove to improve factory working conditions, promoted experimental socialistic communities, and sought a more collective approach to child-rearing, including government control of education. He gained wealth in the early 1800s from a textile mill at New Lanark, Scotland. Having trained as a draper in Stamford, Lincolnshire he worked in London before relocating aged 18 to Manchester and textile manufacturing. In 1824, he moved to America and put most of his fortune in an experimental socialistic community at New Harmony, Indiana, as a preliminary for his Utopian society. It lasted about two years. Other Owenite communities also failed, and in 1828 Owen returned to London, where he continued to champion the working class, lead in developing co-operatives and the trade union movement, and support child labour legislation and free co-educational schools. (Full article...)
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