Socialism

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The origin of the term socialism may be traced back and attributed to a number of originators, in addition to significant historical shifts in the usage and scope of the word.

In a way, communism is an extreme form of socialism . Many countries have dominant socialist political parties but very few are truly communist. In fact, most countries - including staunch capitalist bastions like the U.S. and U.K. - have government programs that borrow from socialist principles. " Socialism " is sometimes used interchangeably with " communism " but the two philosophies have some stark differences. Most notably, while communism is a political system, socialism is primarily an economic system that can exist in various forms under a wide range of political systems.

The term socialist has been thrown around quite a bit in the past few years. Not since the cold war has the term garnered so much attention in the press and from politicians. But when you look at countries who actually have a socialist economic structure, you can see some similarities to the United States – but there are some really stark differences.

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