Res Ipsa wrote:Both, if it matters to Kevin. Use of the term Socialism has become very sloppy in the US. So I’m trying to make sure I understand what he means with respect to ownership of the means of production.
It's nice to see a poster who asks questions to understand other people's actual beliefs. I gave both conditions because I think it makes a huge difference. I would define pure socialism as the government owning, or maybe controlling, the means of production. I don't think full socialism has worked well where humans are a vital component of production, but full capitalism has also not worked well, which is why we see all countries have a combination of both. I wonder though in an eventual future where machines can do all production better and cheaper how we can have a successful system of private ownership of production. We already see a world where the 1% own most of the worlds resources and means of production. Without the need of humans to produce they won't have the ability to make money to survive on, and the wealthy elite will have no need of the them at all. They will just take up space and resources.