State Socialism

State Socialism is a political and economic system where the government, rather than private individuals or businesses, owns and controls the means of production and resources. This approach aims to redistribute wealth and promote social welfare by prioritizing collective needs over individual profit. State Socialism often involves central planning and regulation to ensure equitable distribution of goods and services, with the goal of reducing economic inequality. While it shares principles with other forms of socialism, it emphasizes the role of the state in managing the economy and implementing social programs.