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[[Image:Backrdv12n2.jpg|right|400px|thumb|The Russian caption reads, "Long live the great undefeatable flag of Marx, Engels, Lenin, Stalin!"  This is Leninism, a nasty version of socialism]]

[[Image:Backrdv12n2.jpg|right|400px|thumb|The Russian caption reads, "Long live the great undefeatable flag of Marx, Engels, Lenin, Stalin!"  This is Leninism, a nasty version of socialism]]

'''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.

'''Socialism''' is an economic system of government which advocates state ownership or control of the means of production and distribution of goods or services<ref>[http://www.merriam-webster.com/dictionary/socialism Meriam-Webster]</ref>. The central goal is to establish a "worker's paradise"-an ideal state with perfect equality.

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.  

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.