Socialism

Aims to eliminate exploitation of the working class through the elimination of competition in productionMeans of production and natural resources are owned collectively by the people and a democratically elected government but private ownership of personal property still existsSociety has classes (some people own more than others) but equality between the classes is maintainedCommon political beliefs: freedom of religion, equality for everyone, universal healthcare, pro-choice legislation, and environmental sustainabilitySocialism is considered the “middleman” between the extremes of capitalism and communismExample: A citizen works at a steel production factory that is owned by the government, but returns home to a house on private property