
Socialism
State Control
Socialism emphasizes the role of the government in managing production and distribution.

Under socialism, the government might run the railroads and hospitals.
Not Communism
While similar, socialism and communism are not the same; socialism allows for some private ownership.

Socialism allowed small businesses, unlike communism.
Mixed Economies
Many countries use elements of socialism within a capitalist framework, creating a mixed economy.

Canada's healthcare system is an example of socialism in a capitalist society.
Compare with
CollectivismCommunismProgressivism
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