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socialism

Socialism

Socialism is a political, social, and economic philosophy that advocates for the collective or governmental ownership of the means of production, distribution, and exchange, with the aim of achieving a more equitable distribution of wealth and power. Here is a comprehensive overview:

Historical Context

Key Concepts

Variations of Socialism

Implementation and Criticisms

Modern Socialism

In contemporary discourse, socialism often refers to a broad range of progressive or social democratic policies aimed at reducing inequality and promoting social welfare through state intervention, without necessarily advocating for the abolition of capitalism or private property entirely.

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