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'''Socialism''' is a [[mode of production]]<ref>https://www.marxists.org/subject/economy/authors/pe/pe-ch23.htm</ref> and transitional phase<ref>https://www.marxists.org/archive/marx/works/1875/gotha/</ref> between two other [[Mode of production|modes of production]], [[capitalism]] and [[communism]], characterized by [[Proletariat|workers]]' ownership of the [[means of production]], achieved through the expropriation of the [[bourgeoisie]] by a [[dictatorship of the proletariat]]. Socialist economies are based on central | '''Socialism''' is a [[mode of production]]<ref>https://www.marxists.org/subject/economy/authors/pe/pe-ch23.htm</ref> and transitional phase<ref>https://www.marxists.org/archive/marx/works/1875/gotha/</ref> between two other [[Mode of production|modes of production]], [[capitalism]] and [[communism]], characterized by [[Proletariat|workers]]' ownership of the [[means of production]], achieved through the expropriation of the [[bourgeoisie]] by a [[dictatorship of the proletariat]]. Socialist economies are based on central economic planning, absence of the profit-motive and [[collectivization]]. | ||
The [[Scientific socialism|scientific socialist]] definition of the term, as used by [[Marxism–Leninism|Marxist–Leninists]], refers to a particular stage of historical development -- specifically the transitional state between the capitalist and communist modes of production (for this reason, it is also known as "the lower stage of communism", although it is generally considered distinct enough from communism to constitute its own separate mode of production).<ref>https://www.marxists.org/reference/archive/stalin/works/1951/economic-problems/ch02.htm</ref> However, the term "socialism" is often misused in broader left-wing discourse to denote public works, [[Social democracy|welfare programmes]] and/or [[State capitalism|small-scale forms of economic planning]] practiced by capitalist countries. | The [[Scientific socialism|scientific socialist]] definition of the term, as used by [[Marxism–Leninism|Marxist–Leninists]], refers to a particular stage of historical development -- specifically the transitional state between the capitalist and communist modes of production (for this reason, it is also known as "the lower stage of communism", although it is generally considered distinct enough from communism to constitute its own separate mode of production).<ref>https://www.marxists.org/reference/archive/stalin/works/1951/economic-problems/ch02.htm</ref> However, the term "socialism" is often misused in broader left-wing discourse to denote public works, [[Social democracy|welfare programmes]] and/or [[State capitalism|small-scale forms of economic planning]] practiced by capitalist countries. |