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Line 1: + − '''Socialism''' is a system of government, by which the means of production and distribution are regulated for the well-being of the people, not the profit of individuals. The right to own the means of production(e.g factories) is controlled by the State. There are three main kinds of Socialism, but all of them are built on the premise that social control of the means of production ensures that a community's resources are used in a positive and uplifting manner. + + +
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[[Image:Backrdv12n2.jpg|right|400px|thumb|The [[caption]] reads, "Long live the great undefeatable flag of Marx, Engels, Lenin, Stalin!" This is Leninism]]
[[Image:Backrdv12n2.jpg|right|400px|thumb|The [[caption]] reads, "Long live the great undefeatable flag of Marx, Engels, Lenin, Stalin!" This is Leninism]]
'''Socialism''' is an economic system of government where the means of production are monopolized and owned by the government, and where investments, production, distribution, income, and prices are determined by government laws 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 distribution of wealth, socialism stresses the privileges of the many over the rights of the few, but in practice when socialist economic principles are forced onto a nation by a totalitarian government a new Upper Class appears which imuch better offer than the Lower Class.
There are three main kinds of Socialism, but all of them are built on the premise that social control of the means of production ensures that a community's resources are used in a positive and uplifting manner.
==Leninism==
==Leninism==