socialism.
socio-economic system based on social ownership of the means of production; also the ideology that aims to implement it
Walls Close In On Trump’s Socialist Arch Nemesis In Europe
Spanish Prime Minister Pedro Sánchez has been assailed by a flurry of anti-corruption probes as he continues to move against the U.S. government and military. The headquarters of his Socialist Party were raided by…
Reporting · 1 source · Jul 1, 2026Read it
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About socialism
Socialism is an economic ideology 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. As one of the main ideologies on the political spectrum, socialism is the standard left-wing ideology in most countries. Types of socialism vary based on the role of markets and planning in resource allocation, and the structure of management in organizations.
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