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Briefly describe what Socialism is and what kind of Socialism did the new Soviet Union adopt in 1917? What name did this kind of Socialism go by? What does the phrase ""Commanding Heights"" mean according to Lenin?

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Answer:

  • Socialism is an economic and political ideology that advocates for collective ownership and control of the means of production and exchange.

  • The Soviet Union adopted a form of socialism known as Marxist-Leninist socialism in 1917.

  • According to Lenin, the phrase "commanding heights" refers to the key sectors of the economy that should be under state control in order to establish a socialist society.

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