Socialism is a political and economic ideology that advocates for collective or governmental ownership and control of the means of production and resources, aiming to achieve greater economic equality and social welfare. Socialists believe that wealth and power should be distributed more equitably among the population, rather than concentrated in the hands of a few. This often involves support for policies such as universal healthcare, free education, and robust social safety nets. Socialism can manifest in various forms, ranging from democratic socialism, which seeks to achieve these goals through democratic means, to more authoritarian models that may employ centralized planning.
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