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Socialism
Socialism is a system where the state owns and controls common property or the means of production. It can also refer to various social organization models in which the production and distribution of goods may be privately owned, collectively managed, or directed by a central government. In many cases, socialism involves significant government intervention and planning to regulate the economy.
While socialism isn’t always tied to communist or fascist regimes, its practical application often requires a strong central authority to enforce its principles and manage economic activities.