1 definition by toomanydamnretards
Something which very few people understand but toss around like they do.
Rarely ever distinguished, socialism can be one of two things:
An economic system where, in theory, the workers own the industry collectively
An economic policy, in a capitalist system, where taxes are used to fund social services such as schools, roads & highways, welfare, and so on.
Since no one can distinguish these two, socialism has absolutely no meaning anymore whatsoever.
Rarely ever distinguished, socialism can be one of two things:
An economic system where, in theory, the workers own the industry collectively
An economic policy, in a capitalist system, where taxes are used to fund social services such as schools, roads & highways, welfare, and so on.
Since no one can distinguish these two, socialism has absolutely no meaning anymore whatsoever.
Scandinavia is NOT socialist: it is CAPITALIST with socialist economic policies.
People of the likes of Bernie Sanders don't understand the difference between social democracy and democratic socialism.
People of the likes of Bernie Sanders don't understand the difference between social democracy and democratic socialism.
by toomanydamnretards January 21, 2017