Could someone explain what socialism is in a more easier way?

Socialism is an economic and political theory advocating public or common ownership and cooperative management of the means of production and allocation of resources. (Wiki)

would it mean more gov intervention

Socialists don't usually see it as government intervention. Socialism is the theory that the government is responsible for the well-being of all of its citizens. The U.S. has a mixed economy -- somewhere between a strictly market economy and socialism. We provide free education through high school, aid for the poor, and subsidies for some forms of public transportation. Socialism extends those services to include some or all of the following: health care, subsidies for garbage, water, electricity, heating oil, etc.

From http://www.answers.com/socialism --

"Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy."

Yes, it means more govt intervention.

Certainly! Socialism is an economic and political system in which the public or the community as a whole owns and controls the resources and means of production. In simpler terms, it means instead of individuals or private companies owning and controlling businesses and industries, the ownership and control are shared collectively by the people. In a socialist system, the government often plays a significant role in managing and distributing resources, ensuring that they are used for the benefit of everyone in society.

To understand socialism better, you can start by exploring the key elements and principles of this ideology. These include the idea of common ownership, which means that the resources and means of production (such as factories, land, and natural resources) are owned collectively and not by individual investors or shareholders.

Additionally, socialism promotes the idea of cooperative management, where decisions about production, distribution, and investment are made collectively, rather than being determined by a small group of owners or shareholders aiming to maximize profits. This promotes a more equal and democratic distribution of resources and wealth.

It's also important to note that socialism can take different forms and vary in degree. Some countries have adopted more comprehensive socialist systems, while others have implemented socialist policies within a predominantly capitalist framework. Understanding these differences can help you grasp the various aspects of socialism.

Reading books, articles, or watching videos on socialism can further deepen your understanding. Exploring both the theoretical aspects and real-world examples can provide a comprehensive perspective on how socialism works.