socialism

SOH-shul-iz-um

meaning in plain English

A way of running a country where important things like factories and stores are owned by everyone together, not just by a few rich people.

for example

Some people support socialism because they believe it can help make sure everyone gets a fair share of what the country produces.

Imagine your neighborhood pool is owned by everyone who lives there—no single landlord can charge whatever they want or kick people out on a whim. That’s socialism in action: shared ownership keeps things fair and prevents a few people from hoarding all the benefits.