In the spectrum between Absolute Freedom and Absolute Authority, Socialism would be one step down from Absoute Authority.
In Socialist societies, government controls many aspects of society. While small businesses are still owned by the people, once a business grows to a certain size or makes a lot of money, government would then own that business. A Socialist government would be more likely to provide individuals with health care, education, and a guaranteed income to more evenly distribute wealth among the people, contrasting from the less-involved Classical Liberalism idea. Many European nations adopt a more socialist view of government than the United States.
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