State Socialism
State Socialism is an economic and political system where the government owns and controls the means of production and distribution of goods. This approach aims to reduce inequality and provide for the welfare of all citizens, often through centralized planning and state intervention in the economy.
In State Socialism, the government may implement policies to ensure that resources are allocated according to social needs rather than profit motives. Examples of State Socialism can be seen in countries like Cuba and China, where the state plays a significant role in managing the economy and providing social services.