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5/2/2016 12:08:07 AM
7
The replies to my previous post just prove my point. You guys are horribly uneducated when it comes to economic systems.
The fact that you think the provision of public goods through taxation is Socialist just reinforces my belief in the terrible economic education system in the US and around the world. No wonder you people think Bernie's ideas are good.
Let me lay it out for you:
Capitalism is private ownership and control of the means of production and the distribution of goods.
Socialism is State ownership and control of the means of production and distribution of goods.
Communism is common ownership and control of the means of production and distribution of goods.
Those are the definitions. Period.
The provision of public goods through taxation is not Socialism if the means of production are still owned and controlled by private individuals and not the government.
English
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Edited by LiamCDM: 5/2/2016 2:56:17 PMAlthough you are mostly right, socialism is actually public ownership. Communism is public ownership as well but also calls for the dissolution of money and the state. This is why true communism has never happened, cannot work and never will. Countries like China and North Korea are actually state capitalist. They have free markets along with an authoritarian government that thinks it's communist.
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No, Socialism is State ownership. When deciding whether a country is Capitalist, Socialist, or Communist you have to look at who owns and controls the means of production and distribution of goods.
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Edited by LiamCDM: 5/2/2016 3:17:35 PM[i]A political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.[/i] Straight from Oxford dictionary. Sorry but you're wrong.
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Edited by freeRadical16: 5/2/2016 3:22:17 PMA way of organizing a society in which major industries are owned and controlled by the government rather than by individual people and companies. A system or condition of society in which the means of production are owned and controlled by the state http://www.merriam-webster.com/dictionary/socialism Sorry but you're wrong.
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“Socialism refers to the government ownership of the means of production, planning by the government and income distribution”-Samuelson. http://www.economicsdiscussion.net/economy/socialist-economy-meaning-and-features-of-socialist-economy/2070 Paul Samuelson is a Noble Prize winning economist. Whose definition of Socialism should I believe? His or yours?
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Edited by LiamCDM: 5/2/2016 3:23:54 PM[i]a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole. [/i] Please use the right your/you're before you talk to me. Thanks.
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Edited by freeRadical16: 5/2/2016 3:32:36 PMSocialism—defined as a centrally planned economy in which the government controls all means of production. http://www.econlib.org/library/Enc/Socialism.html Please learn basic economics before talking to me. Thanks.
