Canada uses socialism; its like pussified America. If you screw up in Canada, the government's got your back. America could give a fuck if you're successful.
by K Dub HOLLA October 11, 2006
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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
Socialism Does work, take a look at western europe. ENGLAND and Norway kick ass becuase you dont have to be scared of dying becuase your not rich enough/
by SCotron April 8, 2004
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A economic system where People control enterprises. Every worker owns one share of his company, therefore nobody has more than one share, and the power is so desentralized that nobody could ever go corrupt. Like now but without that power-mongering owner.

Given a bad name, because it was used a long time ago under the control of dictator. But what dumbshits fail to realize is that world was coming out of Monarchy. People were used to being oppresesd, and there was mass starvation and chaos that the people were so tired of it they were willing to beleave in any Man who claimed he could bring stabiliy. Some men like this were Hitler, Lennin Stalin. At that time culture was designed for Monarchy, or dictatorship.
And also Karl Marx said that back then it woulden't have worked any way, It move from Democracy, to Socialism to Communism. So now people have a mentality to handle this system. A system without central power controlling. Then we can move to communism
Socialism fucking works

Comment submitted with request to delete; "Writer is rambling on about a Utopian wish, does not make a logical case based upon human experience, and does not seem to be particularly literate, which makes one wonder just how much they have read or studied the subject."
by D March 7, 2003
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The dumbest shit ever conceived for lazy assholes.
Some moron: "socialism actually works"
by Jerkins July 27, 2019
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When everyone pays for certain things like health-care. That way, ass holes who smoke or throw there life away dont have to pay fo it any more than any-one else.
France is where to go if you want to screw yourself and make others pay the consequences.
by Bob Hope III January 9, 2005
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1. Socialism is an economic system based on common ownership of the means of production. Socialism aims at equalizing income. Socialism abolishes private titles in capital, especially publicly traded stock. Citizens of a socialist state each receive a ‘social dividend’ as equal owners of socialized capital. Social dividend payments can be either ‘in kind’ through distribution of consumer goods or through cash payments.

2. Socialism is an economic system that abolishes markets for financial and real capital. Socialism prohibits private speculation for profit. Socialism substitutes central planning of capital investment for entrepreneurial planning. Socialism necessarily leads to centralized economic control by political authorities and is therefore antidemocratic. The political nature of socialism leads to mismanagement of capital investment and declining living standards.

3. Socialism is an economic system that transfers income from wealthy to poor. Socialism operates on the principle of “from each according to his ability, to each according to his need. Socialism entails incentive problems known as The Tragedy of the Commons. Socialism impairs incentives for labor productivity and the care of natural and capital resources. Western welfare-redistributive states constitute limited forms of socialism.

4. Socialism is an economic system where each is responsible for everyone but themselves.
state socialism
1. The USSR and its satellites
2. NAZI Germany
3. Red China

Semi-Socialist Welfare States
1. New Deal/Great Society America
2. The Swedish Welfare State 1950-1992
3. Pre Thatcher-Post 1960 England of the Labor Party
4. Post 1960 West Germany/Germany
by economicsprofessor January 1, 2008
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a political theory advocating worker ownership of the means of production.
Socialism is opposed to capitalism.
by The Libertarian Socialist March 19, 2010
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