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Wikipedia:
What do you think about socialism? What's good about it? What's bad about it? Could it be used without corruption? What could be changed about it to be better? How does it compare with Capitalism?
Socialism refers to various theories of economic organisation advocating public or direct worker ownership and administration of the means of production and allocation of resources, and a society characterised by equal access to resources for all individuals with an egalitarian method of compensation.[1][2][3]
Most socialists share the view that capitalism unfairly concentrates power and wealth among a small segment of society that controls capital and derives its wealth through exploitation, creates an unequal society, does not provide equal opportunities for everyone to maximise their potentialities and does not utilise technology and resources to their maximum potential nor in the interests of the public.
What do you think about socialism? What's good about it? What's bad about it? Could it be used without corruption? What could be changed about it to be better? How does it compare with Capitalism?