Question

explain the undercurrent of socialism​

Answer 1

Answer:

Socialism is a political, social, and economic philosophy encompassing a range of economic and social systems characterised by social ownership of the means of production, as opposed to private ownership. It includes the political theories and movements associated with such systems.

Answer 2

socialism is a political, social, and economic philosophy encompassing a range of economic and social systems characterised by social ownership[1][2][3][4] of the means of production,[5][6][7][8] as opposed to private ownership.[4][9][10] It includes the political theories and movements associated with such systems.[11] Social ownership can be public, collective, cooperative, or of equity.[12] While no single definition encapsulates the many types of socialism,[13] social ownership is the one common element[1][9][10][disputed – discuss][neutrality is disputed] and regulation of the means of production by government or society aimed at community benefit.[14][15][16][17][18] Socialisms vary based on the role of markets and planning in resource allocation, on the structure of management in organizations, and from below or from above approaches, with some socialists favouring a party, state, or technocratic-driven approach. Socialists disagree on whether government, particularly existing government, is the correct vehicle for change.[19][20]