Below are some of the key tenets of socialism: 1. Public or collective ownership of the means of production 2. Central planning of the economy 3. Emphasis on

Below are some of the key tenets of socialism: 1. Public or collective ownership of the means of production 2. Central planning of the economy 3. Emphasis on equality and economic security 4. Goal of reducing class distinctions ( from: https://www.investopedia.com/articles/investing/082014/what-exactly-socialist-economy.asp https://www.investopedia.com/articles/investing/082014/what-... ) And what happened? 1. The goverment decided to bail the banks, the goverment is _the_ public institution. 2. It was central planning "preventing the world economy from crashing" that lead to this decision. 3. not really equality, but economic security was one of the reasons. 4. ... no thats doesnt apply to the banks bailout.