Episode 1: The Definition of Socialism
The following history, sadly, is no longer taught in schools.
The history of socialism in general has not been taught in a proper historical context.
Socialism – Miriam Webster Dictionary
1: any of a various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
2a: a system of society of group living in which there is no private property
b: a system or condition of society in which the means of production are owned by the state
3: a stage of society in Marxist theory transitional between capitalism and communism distinguished by unequal distribution of goods and pay according to work done (1)
Socialism – Oxford Dictionary
- a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole
policy or practice based on the political and economic theory of socialism
(in Marxist theory) a transitional social state between the overthrow of capitalism and the realization of Communism. (2)
Things That Make Me Go Hmm? 