Neosocialism

Neosocialism is a way of organizing an economy. It is similar to socialism, but with some changes. In socialism, the government owns and runs most businesses, like factories and farms. This means the government decides which products are made and what prices they should be sold at. In neosocialism, the government still has some control over the economy, but private companies also have a role. Companies can still own and run factories and farms, but the government has the power to set laws and regulations so that the companies have to share the profits with their workers instead of just taking it all. This way, the workers have a say in how the company is run and can decide what they get paid, while the company still makes a profit.