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.
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.