Founded by Marx

Sociamism Definition

Social and economic system characterised by social ownership of the means of production and co-operative management of the economy

Countries that use Socialism

  • Cuba
  • North Korea

Why it became popular

Socialism sprang up because of the success of capitalism, while believing that conditions for workers could be improved if the control of production were moved from capitalist to the state.


They don't want anything to do with the government.


They don't work as hard because they know people will do it for them.