Types of socialism

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Types of socialism include a range of economic and social systems characterized by social ownership and democratic control of the means of production and organizational self-management of enterprises, as well as the political theories and movements associated with socialism. As a term, socialism represents a broad range of theoretical and historical socioeconomic systems and has also been used by many political movements throughout history to describe themselves and their goals, thereby generating various varieties of socialism. In general, these varieties share a common element of social ownership, which refers to forms of public, collective, or cooperative ownership, or to citizen ownership of equity, in which surplus value is distributed among the working class and hence society as a whole. However, varieties of socialism differ in terms of attitudes toward economic regulatory systems, governmental structures, and revolutionary violence. Socialist economic systems can be divided into...

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