What is socialism?
Broadly, it's a political and economic system under which the means of production are owned by the community as a whole, with government ensuring the equitable distribution of wealth. But socialism has taken many forms. "'Socialism' is an exceedingly fuzzy term used to label an extraordinarily wide array of political and economic beliefs," says scholar Paul Brians. Socialism has morphed into Soviet-style communism and spawned Latin American dictatorships, while in Europe, many countries combine socialistic principles with capitalism and democracy. In the U.S., programs that opponents once condemned as socialism, such as Social Security and Medicare, are now deeply embedded in our society. Still, socialism has largely dwelled on the margins of American politics, until it was revived by the campaign of Democratic presidential contender Bernie Sanders.
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