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Anarcho-capitalism is a political philosophy that espouses anything voluntary is moral, including a voluntary employee/employer hierarchy which anarchists reject. Anarcho-capitalists advocate the elimination of centralised state in favour of self-ownership and individual sovereignty, private property and free markets.
Some are in favour of a socialist revolution (e.g. Maoism, Marxism–Leninism, revolutionary socialism, social anarchism and Trotskyism) whilst others tend to support reform instead (e.g. Fabianism and individualist anarchism ). Others believe both are possible (e.g. syndicalism or various forms of Marxism ).
e. Socialism is an economic and political philosophy encompassing diverse economic and social systems [1] characterised by social ownership of the means of production, [2] as opposed to private ownership. [3] [4] [5] It describes the economic, political, and social theories and movements associated with the implementation of such systems. [6]
The primary difference between socialism and capitalism is the role of government. In socialist economies, a central body — the government — owns and controls the society’s assets, firms and ...
Capitalism, Socialism, and Democracy is a book on economics, sociology, and history by Joseph Schumpeter, arguably his most famous, controversial, and important work. It's also one of the most famous, controversial, and important books on social theory, social sciences, and economics —in which Schumpeter deals with capitalism, socialism, and creative destruction.
Criticism of capitalism. Karl Marx 's three volume Capital: A Critique of Political Economy is widely regarded as one of the greatest written critiques of capitalism. Criticism of capitalism is a critique of political economy that involves the rejection of, or dissatisfaction with the economic system of capitalism and its outcomes.
Social ownership is a type of property where an asset is recognized to be in the possession of society as a whole rather than individual members or groups within it. [1] Social ownership of the means of production is the defining characteristic of a socialist economy, [2] and can take the form of community ownership, [3] state ownership, common ...
Democratic socialism is a left-wing [1] set of political philosophies that supports political democracy and some form of a socially owned economy, [2] with a particular emphasis on economic democracy, workplace democracy, and workers' self-management [3] within a market socialist, decentralised planned, or democratic centrally planned socialist ...