The Socialist Party USA (SPUSA or SOC) is a multi-tendency democratic socialist political party in the United States. The party considers itself to be the continuation or successor of the Socialist Party of America (founded in 1901), which had previously adopted the name Socialist Party USA in 1962. The party is officially committed to left-wing democratic socialist ideas. The Socialist Party USA, along with its predecessors, has been met with varying support. Some attribute this to the party having to compete with the financial dominance of the two major parties, as well as the limitations of the United States' legislatively and judicially entrenched two-party system. The party is opposed to both capitalism and "authoritarian Communism" and supports a Democratic socialist solution of bringing big business under public ownership and direct workers' control rather than indirect state control. The Party advocates independent electoral action aimed at promoting socialist alternatives and categorically opposes the candidates of the two major parties. Its youth affiliate is the Young People's Socialist League (YPSL).