frigidweirdo
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- Mar 7, 2014
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Socialism - Wikipedia
en.wikipedia.org
The term is often misused in the United States. Social Security and Medicare are elements of a welfare state but they are not socialism. Socialism requires group ownership of the means of production, usually controlled by a central government.
In true socialism, there is no private industry. The USSR had socialism(not Communism) and so did Communist China until the 1980s. Communist is the name of a political party.
I think there are three words.
1) Socialism
2) socialism
3) socialized.
1) When the state is in charge of all (or most) of the means of production.
2) When a state has private means of production but lots of state run things, like healthcare, infrastructure (Denmark, Sweden etc etc)
3) When something is in charge of the state (Amtrack, US armed forces, infrastructure)
socialism and socialized being more or less the same thing, could be debatable.