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n. system of government and economy where the means of production are owned by the public, rather than by private entities.
n. system of government and economy where the means of production are owned by the public, rather than by private entities.
ex. Socialism is a classless society, where the people have both governing and economic control
Doesn't socialism always fail?
Doesn't socialism always fail?
Socialism as an ideology is sound, however in practice it's subject to being undercut by capitalistic superpowers.
But for a brief explanation on why these specific countries have failed under socialism watch this video.
What About Venezuela?
What About Venezuela?
Where to learn more?
Where to learn more?
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