Under Socialism, We UNITE!

In Marxist theory, socialism, or the socialist mode of production, refers to a specific historical phase of economic development and its corresponding set of social relations that eventually supersede capitalism. Socialism is a mode of production where economic activity is based on directly maximizing use-value through conscious economic planning, where monetary relations in the form of exchange-value and wage labor cease to exist out. Socialism is characterized by the working-class effectively controlling the means of production and the means of their livelihood either through cooperative enterprises or public ownership (with the state being re-organized under socialism) and self management