Socialism, Democratic Socialism, Social Democracy, Communism

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SOCIALISM: An In-Depth Explanation - Ryan Chapman > .

Socialism vs Democratic Socialism - Blue Gray >> .

• Socialism generally advocates for social ownership and control of the means of production to achieve greater equality and social welfare.
• Democratic socialism specifically emphasizes achieving social ownership and control of the means of production through democratic means and processes.
• Social democracy aims to achieve social justice and equality within a capitalist framework through democratic means and government intervention. Essentially, socialism seeks to replace capitalism with a fundamentally different economic system, whereas social democracy works to reform and regulate capitalism.
• Communism envisions a stateless, classless society with complete communal ownership and distribution based on need.