Socialism Lives

Socialism, social and economic doctrine that calls for public rather than private ownership or control of property and natural resources. According to the socialist view, individuals do not live or work in isolation but live in cooperation with one another. Furthermore, everything that people produce is in some sense a social product, and everyone who contributes to the production of a good is entitled to a share in it. Society as a whole, therefore, should own or at least control property for the benefit of all its members.

What does this actually mean for you and I?

It means...  FOR EXAMPLE...  that instead of Walmart being owned by the Walton Family it is owned by ALL THE EMPLOYEES and they share equally in the ENTIRE WEALTH of the company...

If Walmart generates $100,000,000 in PROFIT each year and there are 1,000 employees then each person receives $100,000...

Under CAPITALISM, some employees might receive $30,000, some might receive $50,000 while only a few might receive $100,000...

ANOTHER ISSUE is the fact that under SOCIALISM there is no guarantee that each employee will work equally as hard each year to receive their $100,000...

Social Scientists see this same sort of behavior happen when there are UNIONS that negotiate the salaries of the workers as workers know that they will get paid regardless of how hard they work.