Sign up to support our work and acquire email updates about events and scholarships for public school students, educators and parents. Socialism in its simplest definition is when industry and sources are owned and controlled by the state or a collective of the folks, for the theoretical good of all as opposed to being for the benefit of a few. Michael B. Katz is Walter H. Annenberg Professor of History and Research Associate of the Population Studies Center at the University of Pennsylvania.

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