Answer Internal Staff
Socialism is a term used to describe a number of social systems that share a singular aim of social ownership and control of the means of production by the people. This is not as simple as everybody owns everything, as some goods are for personal consumption, such as clothes. The aim of socialism is instead to give everybody the right to partake in the decision making process in how resources are utilised, as opposed to leaving the decision in the hands of the minority. Socialism aims to achieve a society where everybody has the right to participate in issues that affect them. The idea would be that production under socialism would be held by the public and used to help human needs as opposed to generating profit. Following true socialism would lead to the end of money, and instead goods could be taken freely from the collective community pot. However, it is unlikely this could ever be truly realised in the current capitalist system we live in.