Socialism Definition—What is Socialism: Socialism Explained

Socialism Definition—What is Socialism: Socialism Explained


We know that there’s never been a truly 100%
Socialist economy or a 100% Capitalist style economy, we know even from the Industrial
Revolution that to a certain degree there was state intervention, but we can look at
the periods in history where there was more freedom in the market economy to show where
at what time the economy was better off in comparison to the states intervention. It’s
like a scale and if you were to look at the top 10 countries on the freedom index you’ll
find all 10 of those countries are doing far better off than those who are the bottom 10
countries. Capitalism is all about the market, it’s all about the market that self-regulates.
What do you think it’s all about when we speak about quality controls being determined by
consumers themselves? That’s the market that is self-regulating, that is Capitalism. Example
of Capitalism; you walk into a store and you judge the quality of products for yourself,
that is Capitalism. Capitalism is not about a government that has to regulate it for you.
It’s always been this age old argument between Capitalists and Socialists; Socialists have
always argued that Capitalism is unsustainable because of the lack of government regulations,
that’s the truth, why else you think they blamed the Banking Crisis on Capitalism? That’s
what Socialism is, Socialism is all about state direction of the economy. Socialism
is not this black and white thing. So when we talk about Socialism, we can look at the
dictionary and even in the Oxford dictionary definition of Socialism it tells you that
it is either Collective ownership or control, the keywords there ‘OWNERSHIP’ or ‘CONTROL’;
what is another word for control? Another word for ‘control’ is to ‘regulate’. Yes theoretically
we can talk about Socialism being Collective ownership of the means of production into
the hands of the group, theoretically, but you don’t just look at the definition of Socialism
from a dictionary, you have to look at recorded history and you look at the sources, look
at various different sources of these definitions and in the definition of Socialism along the
lines you will find state ownership. Ownership or control simply means that it’s either owned
by the group or the state and owned is referring to the nationalisation. Now this is the Socialism
we’ve seen the world over; you saw the heavy nationalisation in Great Britain between 1945
to 1979 during that period Britain was strongly Socialist. Are they honestly going to sit
there and say that the heavy nationalisation of Venezuela was not Socialist. What it means
by owned is nationalisation, state ownership, but why in the definition of the Oxford dictionary
does it state ownership or control? Because another way is through regulation. The word
control is another word for regulate; to regulate something is to control it. So government’s
regulation, doesn’t matter whether it’s done collectively regulated by the group, meaning
the people or regulated by the state through Collective ownership, that is essentially
what defines Socialism. When you have the government dictating production, controlling
production through the means of government regulation, through strong government regulation,
that is Socialism.

Leave a Reply

Your email address will not be published. Required fields are marked *