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Example of Socialism

Socialism was developed in the 19th century as a concept opposed to capitalism. Socialism is predicated on common ownership by the people of the assets of a state. The guiding principle is that this is a fairer distribution of wealth, and provides for the needs of the population. Theoretically, this approach is supposed to guarantee the prosperity of the people. Socialist states operate "command economies" in which economic management is controlled by government.

Examples of Socialism:

Socialism was developed in the 19th century as a concept opposed to capitalism. Socialism is predicated on common ownership by the people of the assets of a state. The guiding principle is that this is a fairer distribution of wealth, and provides for the needs of the population. Theoretically, this approach is supposed to guarantee the prosperity of the people. Socialist states operate 'command economies' in which economic management is controlled by government.
http://en.wikipedia.org/wiki/List_of_socialist_countries
http://writing.upenn.edu/~afilreis/50s/socialism-def.html

Image Example of Socialism:

Mikhail Bakunin speaking to members of the IWA at the Basel Congress in 1869.

Leon Trotsky, Vladimir Lenin, and Lev Kamenev at the second communist party congress, 1919.