Types of socialism | Wikipedia audio article
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Date: 27/11/2018

This is an audio version of the Wikipedia Article:
Types of socialism

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SUMMARY
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Socialism is a range of economic and social systems characterised by social ownership and democratic control of the means of production as well as the political theories and movements associated with them. Social ownership may refer to forms of public, collective or cooperative ownership, or to citizen ownership of equity. There are many varieties of socialism and there is no single definition encapsulating all of them, though social ownership is the common element shared by its various forms. Socialist economic systems can be further divided into non-market and market forms. The word socialism thus refers to 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, generating numerous types of socialism. Different self-described socialists have used the term "socialism" to refer to different things, such as an economic system, a type of society, a philosophical outlook, a collection of moral values and ideals, or even a certain kind of human character. Some definitions of socialism are very vague while others are so specific that they only include a small minority of the things that have been described as socialism in the past. There have been numerous political movements which called themselves "socialist" under some definition of the term—some of these interpretations are mutually exclusive and all of them have generated debates over the true meaning of socialism.