What Socialism is NOT… by Michael Engel

Defeat Capitalism!

Image by Dandelion Salad via Flickr

by Michael Engel
Guest Writer, Dandelion Salad
Socialism for Dummies, March 23, 2013
May 3, 2013

So what is NOT socialism?

Obviously, capitalism isn’t.  Well, duh, you say.  But it’s important to point that out, because defining capitalism is a useful start towards answering the question.  And it’s a lot easier to define than socialism.  Specifically: Capitalism is an economic system in which the means of production are privately owned, and which are organized and utilized for the purpose of maximizing the profits of the owners.  Continue reading