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Socialism is an economic 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.

The socialist political movement includes political philosophies that originated in the revolutionary movements of the mid-to-late 18th century and out of concern for the social problems that socialists associated with capitalism. By the late 19th century, after the work of Karl Marx and his collaborator Friedrich Engels, socialism had come to signify anti-capitalism and advocacy for a post-capitalist system based on some form of social ownership of the means of production. By the early 1920s, communism and social democracy had become the two dominant political tendencies within the international socialist movement, with socialism itself becoming the most influential secular movement of the 20th century. Many socialists also adopted the causes of other social movements, such as feminism, environmentalism, and progressivism. (Full article...)

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The Second International (1889–1916), the original Socialist International, was an organization of socialist and labour parties formed in Paris on July 14, 1889. At the Paris meeting delegations from 20 countries participated. It continued the work of the dissolved First International, though excluding the still-powerful anarcho-syndicalist movement and unions, and existed until 1916.


Engels in 1879

Friedrich Engels (/ˈɛŋɡəlz/ ENG-gəlz; German: [ˈfʁiːdʁɪç ˈɛŋl̩s]; 28 November 1820 – 5 August 1895) was a German philosopher, political theorist, journalist, and revolutionary socialist. He was also a businessman and Karl Marx's lifelong friend and closest collaborator, serving as the co-founder of Marxism.

Born in Barmen in the Kingdom of Prussia, Engels was the son of a wealthy textile manufacturer. Despite his bourgeois background, he became a staunch critic of capitalism, influenced by his observations of industrial working conditions in Manchester, England, as published in his early work The Condition of the Working Class in England (1845). He met Marx in 1844, after which they jointly authored works including The Holy Family (1844), The German Ideology (written 1846), and The Communist Manifesto (1848), and worked as political activists in the Communist League and First International. Engels also supported Marx financially for much of his life, enabling him to continue his writing in London. After Marx's death in 1883, Engels edited from his manuscripts to complete Volumes II and III of his work Das Kapital (1885 and 1894). (Full article...)

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