1. Socialism Key Ideas Means of production Gap between rich and poor
Government Ownership
Mixed Economy
Utopian Socialist Communities

2. Socialism: Who supplies?
Food Medical care Housing Aid to poor
Cars Technology
Information/news
Utilities—gas/electricity Insurance

3. Purpose of Socialism
Socialism aims to narrow the gap between the rich and the poor. The government taxes the wealthy and provides for the poor.

4. How does socialism work?
Government provides services that people need: health care, housing (for some), education—including college, aid to the poor and elderly
In order to be able to pay for these services, it collects very high taxes (over 50% of income).

5. Utopian Socialism
Robert Owen created utopian communities (or cooperative communities)
Small agricultural communities—people worked common farm together
Everyone contributed labor as they were able
Everyone was taken care of

6. Utopian Community: Brook Farm

7. Does it work?
Problems:

8. Who benefits? Socialism is good for. . .
Socialism can be a problem for . . .