A socio-economic system where the means of production are owned by the workers and not by the investors and a system which frequently and mistakenly gets mixed up with "social welfare state" idea, which leads people to think that Denmark, Norway and Sweden are socialist countries.

The adjective form of interaction between two or more beings

Stepping stone from Capitalism to Communism. It will not work with humans and society at the current level of evolution. I do believe, however, in the far future, it will be possible. The reason socialism and communism have not worked so far is because they did not first have capitalism. You see, Capitalism provides the infrastructure needed for Socialism and Communism to work and in places like the USSR and China, they went straight from agrarian societies to Communism (skipping capitalism and socialism) so it did not work. There were other reasons as well like dictators and corruption. Communism is the perfect system but alas, human beings are NOT perfect so they are not compatible.

For all you stupid dumb fucks out there who wrote definitions for communism, socialism is a cross between communism and capitalism. It actually works, most people dont realize that Germany is technically socilist and it is one of the top five richest countries in the world.

A type of government where everyone is given the basic living essentials for free, the way it should be. THat way you dont have to worry about health care and can focus on other things in life. with socialism, you're not fucked if you get into a car accident as far as finance goes

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.

Pussified capitalism.