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 seeks to promote social justice, economic equality, and workers' rights, often emphasizing the importance of collective decision-making and public ownership. Founded in the late 19th century, the Socialist Party has played a significant role in various political movements. It aims to address issues like poverty, healthcare, and education through government intervention and policies that prioritize the needs of the working class over corporate interests.