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  • A Definition of Socialism

    3 posts, 3 voices, 516 views, started Oct 25, 2008

    Posted on Saturday, October 25, 2008


    • inactive

      Here is a definition of socialism. Do you feel that this is the way our country is headed? The word is being thrown around alot lately.  


      Socialism refers to a broad set of economic theories of social organization advocating state or collective ownership and administration of the means of production and distribution of goods, and the creation of an egalitarian society.  

      Socialists mainly share the belief that capitalism unfairly concentrates power and wealth among a small segment of society that controls capital and creates an unequal society. All socialists advocate the creation of an egalitarian society, in which wealth and power are distributed more evenly, although there is considerable disagreement among socialists over how, and to what extent this could be achieved.

      Disclaimer: This isn’t a political statement but a question about the future of the US. I am asking you to read the definition and express what you think - is it moving in this direction?


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