Quote:
Originally Posted by pat J
You got to stop making up your own definitions. Socialism is where the government (or collective) controls all means of production. Nothing is privatized. Private property does not exist. Everything is shared. Everything.
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Don't confuse a form of government with a market economy model.
What you describe is not socialism, it's communism. Socialism covers a broad range of ideas and techniques that in reality, are implemented selectively and to larger or lesser degrees into most existing democracies. At its extreme, socialism does resemble the paradigm of communism - but I'm sure you don't think in black and white, do you?