Eight Principles of socialism

As we know a Communist society passes through two phases of development: the lower phase known as Socialism, and the higher phase known as Communism.

This passage discuss the eight principles of socialism.

Dictatorship of the proletariat -the workers' state

The dictatorship of the proletariat is the power of the working majority, opposing the power of the former exploiters. As long as private property exists, the dictatorship of the proletariat is necessary.

Societal ownership of the means of production

The property of society is the basis of socialism, the source of the wealth and power of the Socialist State & the people. Under socialism, the means of production belong to society in the form of cooperatives and state property.

Nationalization of banks, unification of the financial sphere

With the help of nationalization, the working class conquers the main spheres of the national economy, deprives the bourgeoisie of its economic support, and begins a radical transformation of the socio-economic system

Planned management of the from one centre

State planning is necessary to meet the needs of the population.
State ensure the welfare of the working class and the development of the socialist state. State provides the education, works to eliminate unemployment.

From each according to their ability, to each according to their labour.

The same amount of labour that the worker has given to society in One form, they receive back in another form. These forms range from subsidized prices for food and housing, to state services.

Dominance of Marxist-Leninist ideology

Marxism-Leninism demonstrates the way towards a classless society through class struggle, the suppression of the exploiters and the fair distribution of material wealth among the working masses.

Creation of armed forces to protect the achievements of the revolution

The socialist state has no Choice but to create its own army to defend the new society from the defeated bourgeoisie and the intervention of the capitalist powers.

Defending the counter-revolution.

The bourgeoisie will fight fiercely for the return of their privileges, to once again place the working class in a dependent and oppressed position. Therefore, the socialist state must also fight against those who seek to return to capitalism.

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