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However, some socialists reject this description. Democratic socialists advocate a system of governance based on the principles of [[solidarity]], [[equality]] and [[liberty]], viewing these principles as interconnected. They believe increased socio-economic equality is associated with increased practical freedom to fulfill human potential. In many countries, such as Britain, socialist movements have been built on Christian, democratic and co-operative bases, embracing the notion that individuals should 'treat others as they would wish to be treated', and arguing that all individuals have a moral responsibility for the welfare of other members of their society. Socialism seeks to prioritize human welfare over other goals, such as profit and wealth accumulation by elites; it views increased redistribution of wealth as vital to securing greater freedom and happiness for the bulk of the people. Though this rosy picture of socialism is appealing to many, it ignores what Hayek called "the road to serfdom." Though in theory socialism is an idealized, egalitarian form of economics, in practice it means rule by labor bosses who minimize individualism and economic growth in the name of equality and benefits for the working class.
However, some socialists reject this description. Democratic socialists advocate a system of governance based on the principles of [[solidarity]], [[equality]] and [[liberty]], viewing these principles as interconnected. They believe increased socio-economic equality is associated with increased practical freedom to fulfill human potential. In many countries, such as Britain, socialist movements have been built on Christian, democratic and co-operative bases, embracing the notion that individuals should 'treat others as they would wish to be treated', and arguing that all individuals have a moral responsibility for the welfare of other members of their society. Socialism seeks to prioritize human welfare over other goals, such as profit and wealth accumulation by elites; it views increased redistribution of wealth as vital to securing greater freedom and happiness for the bulk of the people. Though this rosy picture of socialism is appealing to many, it ignores what Hayek called "the road to serfdom." Though in theory socialism is an idealized, egalitarian form of economics, in practice it means rule by labor bosses who minimize individualism and economic growth in the name of equality and benefits for the working class.
[[Marx, Karl|Karl Marx]] considered socialism to be a transitory stage between capitalism and communism. In his view, socialism is summed up by the expression: "From each according to his ability, to each according to his needs." A major criticism of socialism is that it infringes individual rights in favor of the populace. In a very real sense, politics in the western world throughout the 20th century was shaped by the conflict between socialist and capitalist governmental policies.
Although socialist parties are common in Europe, the leading examples all currently embrace some free enterprise, individual property rights and certain other aspects of capitalism although leading European Socialists are very critical of America. In many European countries socialism has been changing to [[Social democracy]].
==Key elements==
==Key elements==