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'''Socialism''' is an economic system where the means of production are seized and monopolized by the government without compensation to the builders of the [[capital]], and where investments, production, distribution, income, prices, and economic justice  are administered by a government [[nomenklatura]] that regulate the transfer of money, goods (including capital goods), and services primarily through taxation and regularized and institutionalized aggressive coercion.

'''Socialism''' is an economic system where the means of production are seized and monopolized by the government without compensation to the builders of the [[capital]], and where investments, production, distribution, income, prices, and economic justice  are administered by a government [[nomenklatura]] that regulate the transfer of money, goods (including capital goods), and services primarily through taxation and regularized and institutionalized aggressive coercion.

As a political ideology based on the expropriation of wealth, socialism stresses the privileges of the nomenklatura over the rights of workers and earners.  Many of the most notoriously oppressive dictatorships have been socialist, such as the [[Soviet Union]] and [[National Socialist]] Germany. As an economic theory, socialism calls for redistribution of wealth, through taxation of private wealth coupled with "progressive" social policy or directly via nationalisation and public ownership of property witghout compensation to owners. Wage earners suffer under Socialism, as it is hard to get paid in a system that discourages private persons from accummulating income.

As a political ideology based on the expropriation of wealth, socialism stresses the privileges of the nomenklatura over the rights of workers and earners.  Many of the most notoriously oppressive dictatorships have been socialist, such as the [[Soviet Union]] and [[National Socialist]] Germany. As an economic theory, socialism calls for redistribution of wealth, through taxation of private wealth coupled with "progressive" social policy or directly via nationalisation and public ownership of property without compensation to owners. Wage earners suffer under Socialism, as it is hard to get paid in a system that discourages private persons from accummulating income.

Although socialist ideas such as the provision of unemployment benefit, state pensions, universal healthcare, and state control of key industries have been common throughout the developed world in the modern era, the [[United States]] has tended to reject socialism as an ideological position. In other parts of the world, such as Europe, Africa, Asia, and South and Central America, there has generally been more explicit support for socialism as a doctrine, and socialist parties have been among the most successful political forces of the last 100 years.   

Although socialist ideas such as the provision of unemployment benefit, state pensions, universal healthcare, and state control of key industries have been common throughout the developed world in the modern era, the [[United States]] has tended to reject socialism as an ideological position. In other parts of the world, such as Europe, Africa, Asia, and South and Central America, there has generally been more explicit support for socialism as a doctrine, and socialist parties have been among the most successful political forces of the last 100 years.