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  1. Zambia's healthcare is universal and, therefore, an example of socialism. Turkmenistan is a strong example of socialism with energy subsidized by the government, many housing subsidies and an economy that is largely state-run. Many people use the term socialism to describe behavior in which a government takes on a larger role in the economy.

  2. Capitalism is a system designed by the owning class to exploit the rest of us for their own profit. We must replace it with democratic socialism, a system where ordinary people have a real voice in our workplaces, neighborhoods, and society. We believe there are many avenues that feed into the democratic road to socialism.

  3. socialism: [noun] any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.

  4. socialism, social and economic doctrine that calls for public rather than private ownership or control of property and natural resources. According to the socialist view, individuals do not live or work in isolation but live in cooperation with one another. Furthermore, everything that people produce is in some sense a social product, and everyone who contributes to the production of a good is ...

  5. In short, socialism is us who believe humanity must act in a united and organised manner to face the problems of our generation and beyond. Socialism is for us who are tired of how greed and wealth run our world, and how a few billionaires have more power to influence the world than all the rest of us combined. We workers are not paid our worth.

  6. 02/02/2021 · Communism Vs. Socialism. In both communism and socialism, the people own the factors of economic production. The main difference is that under communism, most property and economic resources are owned and controlled by the state (rather than individual citizens); under socialism, all citizens share equally in economic resources as allocated by a democratically-elected government.

  7. Privatisation is the process of converting business from the public sector to the private sector. It occurs when a government-owned business or organisation decides to transfer ownership to some individual or companies.