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[[Image:Backrdv12n2.jpg|right|400px|thumb|The caption reads, "Long live the great undefeatable flag of Marx, Engels, Lenin, Stalin!"]]

[[Image:Backrdv12n2.jpg|right|400px|thumb|The caption reads, "Long live the great undefeatable flag of Marx, Engels, Lenin, Stalin!"]]

'''Socialism''' is a system of [[government|governance]] based on the principles of solidarity, [[equality]] and [[liberty]]. It sees these principles as interconnected, with increased [[socio-economic]] equality associated with increased practical [[freedom]] to fulfill human potential. In many countries, such as the United Kingdom, socialist movements have grown from [[Christian]] and co-operative bases, embracing the notion that individuals should 'treat others as they would wish to be treated', and arguing that all individuals have a [[moral responsibility]] for the welfare of other members of their society. Socialism emphasizes prioritizing human welfare over other goals, such as profit and wealth accumulation by elites; it views increased redistribution of wealth as vital to securing greater freedom and happiness for the bulk of the people, and notes the devastating effects of gross inequality on society in terms of increased [[crime]], [[mental illness]], unhappiness and lack of life chances.  

'''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.

==Key elements==

==Key elements==