Socialism: The Idea

The idea of socialism is often considered to be a compromise between capitalism and communism. The government does not control every part of a person's life, such as their occupation, and how much one earns is based on how much they work. But the government pays for certain things with taxes. The government has more control over trade and economics than in capitalism where the individual citizens control the economy. Communism is based on needs, socialism is based on deeds. A person cannot be lazy in socialist society and still get as much benefit as some one who works hard, but they are given equal opportunity to perform well.