THE TERM SOCIALISM REFERS TO ANY SYSTEM IN WHICH THE PRODUCTION AND DISTRIBUTION OF GOODS AND SERVICES IS A SHARED RESPONSIBILITY OF A GROUP OF PEOPLE. SOCIALISM IS BASED UPON ECONOMIC AND POLITICAL THEORIES THAT ADVOCATE FOR COLLECTIVISM. IN A STATE OF SOCIALISM, THERE IS NO PRIVATELY OWNED PROPERTY. "A GROUP OF PEOPLE" ???
"NO PRIVATELY OWNED PROPERTY" ??? I THOUGHT AMERICA WAS ALL ABOUT FREEDOM???