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How does the redistribution of wealth relate to socialism?

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As always, I take socialism as defined by the Socialist International's Declaration of Principles, Progressive Politics For A Fairer World, not communism. read more

“Socialism” and “redistribution of wealth” have nothing to do with each other; in fact the latter is a policy perspective that only exists in capitalist economies. read more

To understand why socialism does not equate to redistribution of the wealth, we must first ask what distribution means. Distribution in economics refers to the manner in which total output or wealth is distributed among individual people or various factors of production. read more

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