Walden Thoreau's definitions

Socialism

It's when the government controls the economy. When it says "the means of production, distribution, and exchange should be owned or regulated by the community as a whole", it means community as a whole as the state. It used to be a synonym of communism. State capitalism and state socialism is the same thing.

"CHINA ISN'T REAL SOCIALISM, IT'S STATE CAPITALISM"
"What's the difference?"

by Walden Thoreau July 14, 2022