sMiLeYz
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- Feb 3, 2003
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Originally posted by: Ultra Quiet
Originally posted by: jahawkin
Originally posted by: Ultra Quiet
socialism
n 1: a political theory advocating state ownership of industry 2: an economic system based on state ownership of capital
Part of the definition that you conveniently forgot is that it also pertains to a reditribution of wealth and labor in what is perceived to be a more equitable way. Your CIA quote mentions an "extensive welfare system". How would you classify that if not socialist?
Because socialism is an economic system. Redistribution of wealth is an effect of socialism, not the definition. It is certainly a goal of a socialist society, but does not define a socialist system. Redistribution of wealth happens all the time in a capitalist system, so are you going to call the US socialist? Again, an extensive welfare system has nothing to do with the state ownership of the means of production. Social welfare programs may share some of the goals of socialism (much like the redistribution of wealth) but they are not themselves socialistic.
Redistribution of wealth is part of the definition of socialism not an effect. Check dictionary.com. As far as is the US socialist question the answer is the same as it would be for Europe. IMO a better way to describe EU v. US would be to say the EU is more socialist than the US but certainly not a pure socialist society by any stretch.
Exactly! The US is certainly more capitalistic than EU, but we're not a pure capitalist system. The US government has too may laws governing business practices, consumer rights, employee rights, monopolies and the economy. In fact our system accomplishes the goals of socialism through controlled capitalism.
With a purely capitalist system you end up with the the Robber Barons of the 1800s, with a socialist system u get a Nazi Germany. A compromise is the best solution.
