Socialism refers to any of various economic and political concepts of state or collective (i.e. public) ownership and administration of the means of production and distribution of goods and services, some of which have been developed into more or less highly articulated theories and/or praxis.
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The House today passed a massive housing bill after the White House announced that President Bush would sign it despite his opposition to $3.9 billion in aid to communities hit hard by a housing crisis that has spawned 1.5 million foreclosures.
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