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Is the Federation "Communist" or Socialist?

Hi there, I'm not trying to start a political argument or anything, I'm just curious what people here think about this often repeated claim that the Federation is a socialist or even communist utopia? I know Strange New Worlds did say in dialogue it is socialist but I was wondering if people here think that's accurate? I'm not a communist or a marxist or anything like that, but I've had people who identify as such tell me the Federation basically is communist. So anyway, what's your thoughts?

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