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Top Questions
What is socialism?
Should the United States become socialist?
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 entitled to a share in it. Society as a whole, therefore, should own or at least control property for the benefit of all its members. (Read George Bernard Shaw’s 1926 Britannica essay on socialism.) This conviction puts ...(100 of 7650 words)