Contrary to belief socialism is not communism, but close to it. It is the step right before communism.

Socialism is the distrobution of the money made throughout the country. Scince equality is given no matter the circumstances there is no incentive to work, and in a socilialist society the amount of work done doesn't effect your pay it is the same(but don't worry you are giving people equal opportunities).

System where all economic groups all live equally in poverty.Except for the super rich.

An economic system in which the government controls everything and provides everyone with everything they need. In theory it works, but in practice... it fails. And here are 6 reasons why:

1. If The Government controls the economy then they control your life

2. When the government run's something, it becomes inefficient & corrupt

3. If one guy works hard, and the other is lazy they get payed the same

4. Why would a doctor got to medical school to get payed the same as a janitor at "Government Burger"

5. Socialism has failed before (USSR) and it won't work now

6. Since there is no incentive to succeed, this means it will take years for technology to advance

A political and economic system that has been completely and utterly discredited (most notably by the emininent Austrian economist Ludwig von Mises.)

Sadly, many people, being generally ignorant of the laws of economics, are unable to come to terms with the fact that socialism, unlike free-market capitalism, is economically incapable of generating wealth and thus can only ever impoverish any existing society when implemented.

Many people are also of the opinion that socialism, while a good idea on paper, can never work in reality purely because of human selfishness, and not because of the afore-stated economic reason. These people are quite possibly the biggest culprits when it comes to holding back human social development, as they persist in blinding countless people to socialism's true shortcomings. (American colleges, for example, are hotbeds of left-wing propaganda.)

Ardent supporters of socialism are usually bitter, twisted individuals who hate life and everything it stands for. They often have an insatiable God-complex and, remaining deliberately blind to the existence of genuine altruism and compassion, wish to destroy humanity as it exists and remodel it in their own image.

Direct ownership of all good by the elite few.

Economic philosophy of the German Nazi Party.

exploting the masses in the name of the masses in order to gain wealth and power.