Asia Minor is a geographic region in the south-western part of Asia comprising most of what is present-day Turkey. The earliest reference to the region comes from tablets of the Akkadian Dynasty (2334-2083 BCE) where it is known as âThe Land of the Hatti â and was inhabited by the Hittites.
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.
The definition of socialism is government ownership of the means of productionâin other words, true socialism requires that government run the businesses. However, a CBS/New York Times survey found that only 16 percent of millennials could accurately define socialism, while 30 percent of Americans over 30 could. (Incidentally, 56 percent of Tea Partiers accurately defined it.