General Discussion
In reply to the discussion: Just a question. If energy production in the US was nationalized, what would a gallon of gas cost? [View all]Farmer-Rick
(12,777 posts)If this is My Made Up definition, then why is wiki using it?????
I should sue.
Socialism is a political, social, and economic philosophy encompassing a range of economic and social systems characterised by social ownershipof the means of production, as opposed to private ownership. It includes the political theories and movements associated with such systems. Social ownership can be public, collective, or cooperative. While no single definition encapsulates the many types of socialism, social ownership is the one common element.
https://en.m.wikipedia.org/wiki/Socialism
And even your sparse definition has "owned by the community" in it.
Geez, you should take a look at this to find out the Truth. You have little understanding of your subject. https://www.rdwolff.com/