Does socialist believe in government regulation of business?

Yes, socialists generally advocate for government regulation of business as a means to promote social welfare and reduce inequality. They believe that government intervention is necessary to ensure that the needs of the community are met and to prevent the exploitation of workers and resources. This can include regulations on wages, working conditions, and environmental standards, as well as ownership of key industries. Ultimately, the goal is to create a more equitable economic system that prioritizes the collective good over individual profit.