There's the version of "socialism" defined by conservatives which is now colloquial and there's the definition that's historically accurate, in a dictionary, us

There's the version of "socialism" defined by conservatives which is now colloquial and there's the definition that's historically accurate, in a dictionary, used by academics and by actual socialists in America and around the world. The commonality with the the later definitions is this (taken verbatim from the Socialist Party USA's website[0]): > Socialism is not mere government ownership, a welfare state, or a repressive bureaucracy. Socialism is a new social and economic order in which workers and consumers control production and community residents control their neighborhoods, homes, and schools. You are correct. Socialism is the abolition of private capital[1] (which isn't the same thing as the abolition of all private funds and property) and the transfer of the means of production to workers. The problem is most people hear about socialism from someone repeating a talking point. Then that talking point is reinforced by politicians and the media. [0] http://socialistparty-usa.net/principles.html http://socialistparty-usa.net/principles.html [1] https://www.marxists.org/glossary/terms/c/a.htm https://www.marxists.org/glossary/terms/c/a.htm