Socialism
Socialism
Socialism is a type of economic system, a political movement, and a
social theory. Socialism is based on the idea that governments should own and
control a nation's resources rather than individuals.
Socialism was first used to describe opposition to the free enterprise
and market economies. The Industrial Revolution was the cause of many social
problems. Long work hours, low pay, and poor working conditions caused
Americans to first consider socialism. With government involvement in business,
fairer treatment for all was feasible. Most countries today have socialist
parties, many have socialist governments, and others who are in between have
adopted socialist ideas.
Communism and socialism are often associated together. Socialism is a
stage of government usually leading up to communism. Government must first
control businesses if it is to be considered a communist nation. Democratic
socialists believe some government control is necessary to force people to......
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