Socialism is not the abolition of property

If you look up the definition of socialism, like I recently did, it seems to be the same definition given for communism. Socialism is sometimes called the “intermediary stage to communism,” representing the stage in which workers take control of the means of production.

I was talking to my Dad, and explained to him that this is what annoyed me about all the active socialist groups (ISO/SEP) across the country. They all want violent overthrow, and the complete destruction of capitalism. They even want the abolition of property, and this sort of utopian future. But I don’t buy that. I don’t want to eliminate capitalism… I would just prefer a “fair capitalism,” where the government (and thus, the people) still has the power to regulate industry. Where corporations aren’t given the final word on all their decisions, where the people’s interest enters into things.

Wikipedia gives a better definition of socialism, with a lot of the history of the term, but I really don’t care about the terms. I just wish there was some movement that I could easily support that is simply calling for corporate accountability and industry regulation that is sensible and benefits the people at large.

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