But ownership of the means of production, distribution, and exchange does not address the social welfare portion of it. I think people mistake social welfare programs as automatically being socialist in nature. They are not because these programs do not address the means of production.Quote:
Originally Posted by dahoeb
Theoretically socialism should operate very similarly to capitalism but with the community as a whole benefitting from any profits from the means of production. The fault lies that, without extrinsic motivation to create something of value (ie profit), advancement is slowed.