Socialism is an economic and political system where the workers control the means of production, such as machinery or farmland, instead of their bosses. Those people that advocate this cooperative society are called socialists. Another key belief is that management and portion are supposed to based on public interests. Socialists believe that everything in society is made by the cooperative efforts of the people.
There are many varieties of socialism, so no one definition can apply to all of them; however, in all varieties, the workers own the means of production. The major differences between the different varieties are the role of the free market or planning, the method of ownership of the means of production, the role of management of workers and the government's role in the economy. - wiki
In other words, slavery!
What do you NOT understand by the words; "an economic and political system where the workers control the means of production," ???
Capitalism is where the means of production are held by sectional interests and exploit workers to make the products.
THAT is slavery.
Socialism is an economic and political system where the workers control the means of production, such as machinery or farmland, instead of their bosses. Those people that advocate this cooperative society are called socialists. Another key belief is that management and portion are supposed to based on public interests. Socialists believe that everything in society is made by the cooperative efforts of the people.
There are many varieties of socialism, so no one definition can apply to all of them; however, in all varieties, the workers own the means of production. The major differences between the different varieties are the role of the free market or planning, the method of ownership of the means of production, the role of management of workers and the government's role in the economy. - wiki
In other words, slavery!
What do you NOT understand by the words; "an economic and political system where the workers control the means of production," ???
Capitalism is where the means of production are held by sectional interests and exploit workers to make the products.
THAT is slavery.
