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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 which advocates state ownership of the means of production with equal distribution of goods among the people. The central goal is to establish a "worker's paradise"-an ideal state with perfect equality.In practice however the socialist system never managed to establish this "paradise",but instead turned into autharitarian dictatorships. The government controls all investments, production, distribution, income, and prices, as well as all organizations, schools, news media and societies. Churches and labor unions are suppressed or controlled by the government. Socialism is the antithesis of [[capitalism]], opposes private ownership of capital or land, and rejects the free market in favor of central planning. It also rejects "civil society" and makes sure that all organizations are controlled by the government. | + | '''Socialism''' is an economic system of government which advocates state ownership of the means of production with equal distribution of goods among the people. The central goal is to establish a "worker's paradise"-an ideal state with perfect equality. |
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| | + | In practice the government owns the banks, railroads, farmlands, factories, and stores, and is the only employer. (People sometimes are allowed to have small gardens.) The central goal is to destroy the "evils of capitalism" by government ownership of the means of production. |
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| | + | In practice however the socialist system never manages to establish this "paradise" because management for the benefit of the employees leads to featherbedding and lack of investment or economic growth, at the expense of consumers. Collective farming (operating farms like factories) sharply reduced the food supply. The most thoroughgoing efforts by Communist regimes turned into authoritarian dictatorships. The government controls all investments, production, distribution, income, and prices, as well as all organizations, schools, news media and formerly private societies. Churches and labor unions are suppressed or controlled by the government. Socialism is the antithesis of [[capitalism]], opposes private ownership of capital or land, and rejects the free market in favor of central planning. It also rejects "civil society" and makes sure that all organizations are controlled by the government. |
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| | Theoretically socialist regimes can have multiple parties. In practice there is only one political party, and it controls the government. The leaders of the party choose the government officials and set all policies for the nation and for cities and localities. Opposition parties are not allowed access to the media or to meeting halls or to funding, and their leaders are often arrested as "enemies of the people." | | Theoretically socialist regimes can have multiple parties. In practice there is only one political party, and it controls the government. The leaders of the party choose the government officials and set all policies for the nation and for cities and localities. Opposition parties are not allowed access to the media or to meeting halls or to funding, and their leaders are often arrested as "enemies of the people." |
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| | ===Venezuela=== | | ===Venezuela=== |
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| − | The socialist policies of president-for-life Hugo Chavez have destroyed the economy of that oil-rich nation. In 2009, he seized the Venezuelan operations of U.S. based Carghill in order to tighten his grip on the shrinking food supply in his country. <ref>http://www.telegraph.co.uk/news/worldnews/southamerica/venezuela/4938993/Venezuelas-Hugo-Chavez-tightens-state-control-of-food-amid-rocketing-inflation-and-food-shortages.html</ref> | + | The socialist policies of president-for-life Hugo Chavez have destroyed the economy of that oil-rich nation. In 2009, he seized the Venezuelan operations of U.S. based Cargill in order to tighten his grip on the shrinking food supply in his country. <ref>http://www.telegraph.co.uk/news/worldnews/southamerica/venezuela/4938993/Venezuelas-Hugo-Chavez-tightens-state-control-of-food-amid-rocketing-inflation-and-food-shortages.html</ref> |
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| | ==Different Strands of Socialism== | | ==Different Strands of Socialism== |