Analysis of information sources in references of the Wikipedia article "Sosialisme" in Malay language version.
Socialism is an economic system characterised by state or collective ownership of the means of production, land, and capital.
Pure socialism is defined as a system wherein all of the means of production are owned and run by the government and/or cooperative, nonprofit groups.
This term is harder to define, since socialists disagree among themselves about what socialism ‘really is.’ It would seem that everyone (socialists and nonsocialists alike) could at least agree that it is not a system in which there is widespread private ownership of the means of production…To be a socialist is not just to believe in certain ends, goals, values, or ideals. It also requires a belief in a certain institutional means to achieve those ends; whatever that may mean in positive terms, it certainly presupposes, at a minimum, the belief that these ends and values cannot be achieved in an economic system in which there is widespread private ownership of the means of production…Those who favor socialism generally speak of social ownership, social control, or socialization of the means of production as the distinctive positive feature of a socialist economic system.
Socialists have always recognized that there are many possible forms of social ownership of which co-operative ownership is one...Nevertheless, socialism has throughout its history been inseparable from some form of common ownership. By its very nature it involves the abolition of private ownership of capital; bringing the means of production, distribution, and exchange into public ownership and control is central to its philosophy. It is difficult to see how it can survive, in theory or practice, without this central idea.
As the nineteenth century progressed, "socialist" came to signify not only concern with the social question, but opposition to capitalism and support for some form of social ownership.
In the USSR in the late 1980s the system was normally referred to as the ‘administrative-command’ economy. What was fundamental to this system was not the plan but the role of administrative hierarchies at all levels of decision making; the absence of control over decision making by the population...
Especially before the 1930s, many socialists and anti-socialists implicitly accepted some form of the following for the incompatibility of state-owned industry and factor markets. A market transaction is an exchange of property titles between two independent transactors. Thus internal market exchanges cease when all of industry is brought into the ownership of a single entity, whether the state or some other organization...the discussion applies equally to any form of social or community ownership, where the owning entity is conceived as a single organization or administration.
Socialism is a system based upon de facto public or social ownership of the means of production, the abolition of a hierarchical division of labor in the enterprise, a consciously organized social division of labor. Under socialism, money, competitive pricing, and profit-loss accounting would be destroyed.
At the heart of the market socialist model is the abolition of the large-scale private ownership of capital and its replacement by some form of ‘social ownership’. Even the most conservative accounts of market socialism insist that this abolition of large-scale holdings of private capital is essential. This requirement is fully consistent with the market socialists’ general claim that the vices of market capitalism lie not with the institutions of the market but with (the consequences of) the private ownership of capital...
Socialism, you see, is a bird with two wings. The definition is 'social ownership and democratic control of the instruments and means of production.'
A society may be defined as socialist if the major part of the means of production of goods and services is in some sense socially owned and operated, by state, socialised or cooperative enterprises. The practical issues of socialism comprise the relationships between management and workforce within the enterprise, the interrelationships between production units (plan versus markets), and, if the state owns and operates any part of the economy, who controls it and how.
socialisme zn. ‘leer van gelijkheid en sociale rechtvaardigheid’. Nnl. Een tweede leer die, in veler oog, niet minder door bevalligheid uitmunt; het Socialisme [1848; iWNT]. Internationaal neologisme, wrsch. voor het eerst gevormd in het Frans als socialisme [1831; TLF] en afgeleid van sociaal met het achtervoegsel → -isme.CS1 maint: multiple names: editors list (link)