However, as a result of their broad definitions, the Big Five personality traits are not nearly as powerful in predicting and explaining actual behavior as are the more numerous lower-level, specific traits.
The history of socialism has its origins in the French Revolution of 1789 and the changes brought about by the Industrial Revolution, although it has precedents in earlier movements and ideas.
What is 'Socialism'. Socialism is a populist economic and political system in which the means of production operate under public political ownership, sometimes called common ownership. Common ownership under socialism may take shape through technocratic, oligarchic, totalitarian, democratic or even voluntary rule. All legal production and distribution decisions are made by the ruling class.