Socialist parties are political organizations that advocate for socialism, a system where the means of production and resources are owned or regulated by the community or the state. Their primary goal is to promote social equality and reduce economic disparities through policies such as wealth redistribution, public ownership, and social welfare programs. These parties often participate in democratic processes, seeking to gain power through elections. They may align with other leftist movements and ideologies, such as communism or democratic socialism, to achieve their objectives. Socialist parties can be found in many countries, each adapting their policies to local contexts.