Socialisms are systems where the government owns and controls things like businesses and land, and there is usually less difference between rich and poor people.
Some people think socialisms are good because they believe everyone should be more equal, but other people think socialisms are bad because they believe it takes away people's freedom.
Examples:
In some countries, they have socialisms, so the government owns the big companies.
People in socialisms usually have more help from the government.
Some people like socialisms because they think it makes things fairer for everyone.
In socialisms, everyone gets the same amount of money.
In socialisms, the government decides what jobs people can do.
Some people think socialisms are like sharing everything with everyone.