SOCIALISM

What is
Socialism?
BEST FOR You
O R G A N I C S C O M P A N Y 2
SOCIALISM is…
You have 2
cows.

You give 1 to
your
neighbor.
BEST FOR You 3
O R G A N I C S C O M P A N Y
 Socialism is an
economic system where
everyone in the society
equally owns the factors
of production.
BEST FOR You 4
O R G A N I C S C O M P A N Y
SOCIALISM:
• The ownership is acquired through
a democratically elected
government. It could also be a
cooperative or a public
corporation where everyone
owns shares.
BEST FOR You 5
O R G A N I C S C O M P A N Y
FOUR FACTORS OF PRODUCTION:

• LABOR
• ENTREPRENEURSHIP
• CAPITAL GOODS
• NATURAL RESOURCES
BEST FOR You
O R G A N I C S C O M P A N Y
6
 These factors are
valued for their
usefulness to
people. This
includes individual
needs and greater
BEST FOR You 7
O R G A N I C S C O M P A N Y
 Socialism's mantra is, "From
each according to his ability,
to each according to his
contribution." Everyone in
society receives a share of the
production based on how much
each has contributed.
BEST FOR You 8
O R G A N I C S C O M P A N Y
 Socialism assumes that the
basic nature of people is
cooperative. That nature hasn't
yet emerged in full
because capitalism or
feudalism has forced people to
be competitive.
BEST FOR You
O R G A N I C S C O M P A N Y
9
 Therefore, a basic tenet
of socialism is that the
economic system must
support this basic human
nature for these qualities
to emerge.
BEST FOR You
O R G A N I C S C O M P A N Y
10
TYPES of
SOCIALISM

BEST FOR You 11

O R G A N I C S C O M P A N Y
Democratic Socialism: The factors
of production are managed by a
democratically elected government.
Central planning distributes common
goods, such as mass transit,
housing, and energy, while the free
market is allowed to distribute
consumer goods.BEST FOR You
O R G A N I C S C O M P A N Y
12
 Revolutionary Socialism: Socialism
will emerge only after capitalism has
been destroyed. "There is no peaceful
road to socialism." The factors of
production are owned by the
workers and managed by them through
central planning.
BEST FOR You 13
O R G A N I C S C O M P A N Y
Libertarian Socialism:
Libertarianism assumes that
the basic nature of people is
rational, autonomous, and
self-determining.
BEST FOR You 14
O R G A N I C S C O M P A N Y
Market Socialism: Production is
owned by the workers. They
decide how to distribute among
themselves. They would sell
excess production on the free
market. Alternatively, it could be
turned over to society, which would
distribute it according to the free
BEST FOR You 15
O R G A N I C S C O M P A N Y
Green
Socialism: This type
of socialistic economy
highly values the
maintenance of
natural resources.
BEST FOR You
O R G A N I C S C O M P A N Y
16
Christian
Socialism: Christian
teachings of brotherhood
are the same values
expressed by socialism.
BEST FOR You 17
O R G A N I C S C O M P A N Y
Utopian Socialism: This was more
a vision of equality than a concrete
plan. It arose in the early 19th
century, before industrialization. It
would be achieved peacefully
through a series of experimental
societies.
BEST FOR You 18
O R G A N I C S C O M P A N Y
Fabian Socialism: This type of
socialism was extolled by a
British organization in the late
1900s. It advocated a gradual
change to socialism through
laws, elections, and other
peaceful means.
BEST FOR You
O R G A N I C S C O M P A N Y
19
SOCIALISM VS. DEMOCRATIC SOCIALISM

•Equality •Equality in a
in society democratic
state
BEST FOR You 20
O R G A N I C S C O M P A N Y
SUMMARY:
• Socialism can be defined as a system of
collective ownership and management of
the means of production and the
distribution of goods.
• Socialism can also be stated to be a
society where all people work as equals
cooperating for the common good of all.
BEST FOR You 21
O R G A N I C S C O M P A N Y
THANK
YOU 
BEST FOR You 22
O R G A N I C S C O M P A N Y