What is a primary goal of socialism?

A primary goal of socialism is indeed the equal distribution of wealth. This economic system emphasizes reducing income disparities and ensuring that wealth is more evenly shared among the population. Socialists believe that the means of production and resources should be owned or regulated by the community or the state to achieve this equitable distribution. In essence, socialism prioritizes societal welfare over individual accumulation of wealth, aiming for a fairer economic structure where everyone has access to basic needs and services.

This focus on equity contrasts sharply with maximizing corporate profits, which aligns more with capitalist principles emphasizing competition and individual gain. Additionally, reducing government control of the economy is generally associated with free-market ideologies rather than socialism, where government involvement is typically seen as essential for redistributing wealth and providing social services. Encouraging competition among businesses is also characteristic of capitalism, as socialism advocates for cooperation and collective ownership over competitive practices that can lead to inequality.