The political ideology that advocates for government ownership of the means of production is known as socialism. Socialists believe that economic resources and industries should be controlled collectively, either by the state or through cooperative enterprises. This ideology emphasizes the redistribution of wealth to achieve economic equality and social justice. Variants of socialism include democratic socialism, which combines democratic governance with socialist economic principles, and Marxism, which seeks a classless society through revolutionary means. Socialism critiques capitalism, arguing that it leads to exploitation and inequality.