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Economics 101: Socialism | SterlingTerrell.net

Economics 101: Socialism

What is socialism?

Socialism is an economic system that is based less on self-interest, like capitalism.

Instead it is based more on the intended goodwill of the government.

This is where the government decides what to produce, how to produce it, and whom to produce it for.

It's bad, if you want to know what I think.