The Socialist Party is a political organization that advocates for socialism, a system where the means of production and resources are owned or regulated by the community as a whole. The party aims to promote social justice, economic equality, and workers' rights, often emphasizing the need for government intervention in the economy to achieve these goals. Founded in the late 19th century, the Socialist Party has had various iterations in different countries, including the Socialist Party USA and the British Socialist Party. While its influence has varied over time, the party continues to play a role in political discourse, particularly in discussions about wealth distribution and social welfare programs.