It's misunderstood. There are ignorant people who claim Obama is a socialist, yet he hasn't nationalized basic industries. Socialism tends to be a word that evokes negative thoughts. It shouldn't, but it does.
Very good answer.
It's like salt. A little taste of it is good, but too much of it destroys everything
Socialism is not an economic theory, rather a philosophy. Communism, was a failed attempt creating a Socialist utopia. And like all Utopian theories it was doomed to failure. Socialism works within a Democracy not against it, Unbridled Capitalism not kept in check by socialism is nothing more then Economic Darwinism. Side note; the person historians believe was the father of socialism; Jesus Christ.
Thank You bob359.
It's a good idea; implemented in Netherlands and Scandinavia (New Zealand?) with great success
Government ruining heavy industry, you can't really blame socialism or communism if the economy ***** up.
You have a better chance of making it as a commie than you do a capitalist. Look at china, they are commie and they have all of Americas factories, business and technology and money. I would say that's pretty good proof. China and Walmart grow while America gets chocked by it's own greedy hands