👉 Socialism is a political ideology that advocates for the redistribution of wealth and resources from the wealthy to the poor, with the goal of achieving economic equality and reducing inequality. It was first introduced by Karl Marx in his book "Capital" (1867) and later developed by various socialist movements throughout history, including the Bolsheviks in Russia, the Communist Party of Great Britain, and the Communist International. Socialism emphasizes the importance of collective ownership and control of resources, as well as the need