Socialism is a populist economic and political system where everyone in the society equally owns the factors of production.
It is based on the public or common ownership in which goods and services are provided through a central system of government ownership rather than through competition and a free market system or other.
THOUGHTS ON SOCIALISM
- The goal of socialism is communism.- Vladimir Lenin
- I should tie myself to no particular system of society other than of socialism.- Nelson Mandela
- Socialism is the ideal state, but it can never be achieved while man is so selfish.- Annie Besant
- Socialism is a fraud, a comedy, a phantom, a blackmail.- Benito Mussolini
- Capitalism is war; socialism is peace.- Karl Liebknecht
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