Terry - Somerset
Established Member
An agreed definition of those concepts we use so loosely would be useful - although sadly I suspect we all put our own spin on them. As a starter for 10 based on simple Google search:Depends on what you think socialism is.
You seem to be spooking yourself with some particular definition of your own making! A lot of people do this - it saves having to think about things.
Examples? What did you have in mind?
Capitalism - an economic and political system in which a country's trade and industry are controlled by private owners for profit.
Socialism - 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.
Communism - a theory or system of social organization in which all property is owned by the community and each person contributes and receives according to their ability and needs.
I suspect subtleties related to the definition of communism and socialism are frequently lost.
It also seems that successful economic or political regimes benefit from a balance of concepts - those skewed towards any one extreme frequently fail as dogma seeks to dominate basic human behaviours.