Socialism
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Socialism refers to a set of schools of thought based around the concept that it is beneficial for society to function together to minimize diferences between socio-economic classes. One who subsbribes to said schools of thought is known as a Socialist.
While Socialist policies have been sucsessful in Europe, in the United States significant sections of the population have developed a strong fear of Socialism.
See Also
- Capitalism
- Communism, one school of Socialist Thought