this post was submitted on 17 Mar 2025
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[–] [email protected] 2 points 1 day ago (29 children)

Socialism is about the government playing a central role in the economy to ensure wealth and resources are distributed more fairly, rather than being concentrated in the hands of corporations or individuals. Socialism can still allow for private businesses and a market economy, but key industries and services are often publicly controlled to prevent excessive inequality.

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