[quote]Basically socialism is communism but the economy belongs to the people, not the government. [/quote] That is a horrible and inaccurate definition of both terms. Socialism is a "large" amount of government regulations and control towards larger businesses and products in an attempt to support the middle class. In communism, there are [i]no [/i]classes and land is owned by the community as oppose to individuals or the government. In a sense, communism is a more extreme version of socialism. Whether or not socialism is an extreme is up to debate. Communism won't work due to human nature and socialism works in some cases but it really depends. Besides, I always thought it is healthiest for a country to be as close to the center as possible.