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 differences between socio-economic classes. One who subscribes to said schools of thought is known as a Socialist.
While Social Democratic policies have been successful in Europe, in the United States, significant portions of the population have developed a strong fear of Socialism and anything they perceive as being Socialist.
See Also
- Capitalism
- Communism, one school of Socialist Thought