Stem Cell Research and Regenerative Medicine

Socialism

Socialism is both an economic system that is ideology. A socialist economy features are rather than private ownership of the means of production. It also typically organizes economic activity by planning the market rather than forces, and gears production towards needs satisfaction rather than the profit accumulation. Socialist ideology used for the moral and economic superiority of an economy with these features, especially as compared with capitalism. Socialism, by democratizing, humanizing, and the rationalizing economic relations, largely are used to eliminate these problems. Socialist ideology has critical and the constructive aspects.  It provides an account of what’s wrong with capitalism that are constructively, it provides a theory of how to transcend capitalism’s flaws, namely, by transcending capitalism itself by replacing capitalism’s central features with the socialist alternatives at a minimum social property for typically planning and production for use as well.      

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