The object of socialism is to unite humanity and to solve social problems by building a society which can satisfy the universal need for co-operation and material security.
Socialism involves a creative outlook concerned with the quality of life. In association with others, the individual will develop himself as a social being. With enlightenment and knowledge, man will replace the ignorance, false illusions and prejudice from which he suffers in our own day. Socialism is the form of society most compatible with the needs of man. Its necessity springs from the enduring problems, the economic contradictions and social conflicts of present-day society. Socialist society must be based upon the common ownership and democratic control by the whole community of the means of life.
Life will be based on human relationships of equality and co-operation. Through these relationships, man will produce useful things, construct amenities and establish desirable institutions. Socialism will resolve the conflicts which at present divide man from man. Regardless of ethnic or cultural differences, the whole world community will share a common interest.
Under capitalism the whole apparatus of production are either privately owned, as in America, or state controlled by a privileged minority, as in Russia. The economies of some countries combine both private and state control. Both forms are alien to the interests of the majority, since the priorities of trade and commerce, exploitation and profit-making, dominate life. Under both forms, production for sale on the market is organized primarily for the benefit of a privileged minority.
The building of Socialism requires a social reorganization where the earth’s resources and the apparatus of production are held in common by the whole community. Instead of serving sectional interests, they are made freely accessible to society as a whole. Production will be organized at world level with co-ordination of its differing parts down to local levels.
In Socialism there will be no market, trade or barter. In the absence of a system of exchange, money will have no function to perform. Individuals will participate freely in production and take what they need from what is produced . . .
(Socialist Standard, Special issue on Socialism, July 1973)
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