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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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The term revolutionary socialism refers to socialist tendencies that subscribe to the doctrine that social revolution is necessary in order to affect structural changes to society. More specifically, it is the view that revolution is a necessary precondition for a transition from capitalism to socialism. Revolution is not necessarily defined as a violent insurrection; it is defined as seizure of political power by mass movements of the working class so that the power is given directly to the state to directly control the working class as opposed to the capitalist class and its interests that allow for individual choice. Revolutionary socialists believe such a state of affairs is a precondition for establishing socialism and Orthodox Marxists believe that it is inevitable but not predetermined.

Revolutionary socialism encompasses multiple political and social movements that may define "revolution" differently from one another. These include movements based on Orthodox Marxist theory, such as DeLeonism, Impossibilism and Luxemburgism; as well as movements based on Leninism and the theory of Vanguardist-led revolution, such as Maoism, Marxism–Leninism and Trotskyism. Revolutionary socialism also includes non-Marxist movements like anarchism, revolutionary syndicalism, and some forms of democratic socialism. It is used in contrast to the reformism of social democracy, which is not anti-capitalist in form. Revolutionary socialism is opposed to social movements that seek to gradually ameliorate the economic and social problems of capitalism through political reform. Revolutionary socialism also exists in contrast to the concept of small revolutionary groups seizing power without first achieving mass support, termed Blanquism.


Webb in 1893
Sidney James Webb, 1st Baron Passfield, OM, PC (13 July 1859 – 13 October 1947) was a British socialist, economist and reformer, who co-founded the London School of Economics. He was an early member of the Fabian Society in 1884, joining, like George Bernard Shaw, three months after its inception. Along with his wife Beatrice Webb and with Annie Besant, Graham Wallas, Edward R. Pease, Hubert Bland and Sydney Olivier, Shaw and Webb turned the Fabian Society into the pre-eminent politico-intellectual society in Edwardian England. He wrote the original, pro-nationalisation Clause IV for the British Labour Party. (Full article...)

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