Reply #107: Not always government ownership - [View All]

[TBF]

which dictionaries are you relying on? And no watching Glenn Beck does not count as research.

Here is Merriam Webster (http://www.merriam-webster.com/dictionary/socialism)

Definition of SOCIALISM
1
: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
2
a : a system of society or group living in which there is no private property b : a system or condition of society in which the means of production are owned and controlled by the state
3
: a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done