Definitions by Walden Thoreau

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?"

Socialism by Walden Thoreau July 14, 2022