Socialists claim that free enterprise systems are inefficient and wasteful. They believe that capitalism leads to such problems such as unemployment, poverty exploitation of the workers and general misery.

To solve these problems, socialists believe that a nation’s wealth must be distributed more equally and justly.

Socialists strongly oppose social inequality and discrimination.

Socialists aim for a society based on co-operation and brotherhood other than competition and self interest.

Socialism tries to promote mass education and other free social services.

Socialists believe in a single party system of government. Countries that practiced socialism in the world are the Former USSR, Tanzania, Ethiopia, East Germany, and Vietnam. Today, Libya, Cuba, N. Korea and China have many aspects of socialism