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By "socialism" we refer to the concept as it is referred to here (https://www.marxists.org/glossary/terms/s/o.htm), as a social organization whereby the means of production, distribution, and exchange are owned and managed democratically, in conditions of

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Socialism is more effective at poverty reduction and ensuring the meeting of basic needs than capitalism

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last update: n8n3k
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Socialism is a Political Orientation

Capitalism is a Market Economy

Poverty is a Financial Condition