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by wildrhythms 975 days ago
Socialism means worker ownership of the means of production; it has nothing to do with 'economic protectionism' by the state.
2 comments

You might want to read up on that.

Socialism is an incredibly broad term in practice, a typical sound bite dictionary definition hints at this:

    a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
So .. community as a whole, not just workers, and not even ownership is required, regulated for the general benefit (minimising polution, requiring power operators to deliver in 99.9% of weather conditions with a fixed cost ceiling) of the commons counts.
> Socialism means worker ownership of the means of production

Isn't that trending towards a definition of communism? Socialism could mean a lot of different things; economic protectionism is a market inefficiency designed to champion things like jobs over corporate profits, and was a policy choice made by some socialist governments in the latter 20th century.