How Socialism Works

family, family life, center

The political and economic theory of socialism was created with the vision of a utopian society in mind. Contrary to other economic systems, there is no real consensus on how the ideal socialist society should function. Dozens of forms of socialism exist, all with differing ideas about economic planning, community size and many other factors. Despite the variations in socialist thought, every version advocates the benefits of cooperation among the people, steering clear of the “evils” of competition associated with capitalism.

How Socialism Works

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