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Socialism

No change in size, 11:31, January 3, 2009
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As an economic theory, democratic socialism calls for equalization of incomes, through taxation of private wealth coupled with welfare state spending. The [[nationalization]] of major industries is primarily a device to allow the unionized workers to control their own wages and working conditions, cutting out the capitalistic owners.
State [[pension]]s and unemployment insurance were not brought in by Socialists--they were first introduced by arch-conservative Chancellor [[Bismark]] in Germany in the 1870s. In Britain they were introduced about 1910 by [[Winston Churchill]] and [[David Lloyd-George]] of the [[Liberal Party]], and in the U.S. were part of the [[New Deal]] in the 1930s. Welfare state ideas such as [[universal health care]], and state control of key industries have been common throughout the developed world in the modern era. However, the United States has always rejected socialism as an ideological position, with a few exceptions such as the [[TVA]].
===Religion===
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