Socialist parties became a dominant political force after the world wars in much of Western Europe. Along with communism, socialism also came in various forms in the newly recolonized countries of Africa, Asia and the Middle East.
Socialists across the rich world aligned themselves with a range of liberation movements. In the U.S, many, though by no means all, feminist and civil rights leaders have espoused aspects of socialism. On the other hand, socialism has acted as an incubator for movements that are generally labeled far-right.
European fascists in the 1920
s and 1930s adopted socialist ideas, though they phrased them in nationalist terms: economic redistribution to the workers specifically meant Italian or German workers and then only a certain, narrow type of Italian or German.
In today`s political contests, echoes of socialism – or economic populism, to critics, are easily discernible on the both the right and left.
Communism and socialism are economic and political structures that promote equality and seek to eliminate social classes. The two are interchangeable in some ways, but different in others.
In a communist society, there are no wealthy or poor people. All are equal.
Like communism, socialism
s main focus is on equality. Workers receive what they need to produce and survive, but theres no incentive to achieve more, leaving little motivation.
The United Kingdom provides basic needs like healthcare to everyone regardless of their time or effort at work. In the U.S, welfare and the public education system are a form of socialism.
Both are the opposite of capitalism, where limitations don`t exist and reward comes to those who go beyond the minimum. In capitalist societies, owners are allowed to keep the excess production they earn.
Competition occurs naturally, which fosters advancement. Capitalism tends to create a sharp divide between the wealthiest citizens and the poorest, however, with the wealthiest owning the majority of the nation`s resources.