[faithfulfatherof2]

Definition of*socialism

1:*any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods

2a*:*a system of society or group living in which there is no private property

b*:*a system or condition of society in which the means of production are owned and controlled by the state

3:*a stage of society in Marxist theory transitional between*capitalism*and*communism*and distinguished by unequal distribution of goods and pay according to work done

Please explain to me how socialism is good?

[ouagadougou]

What is the difference between capitalism and #3 of what you just listed?

Originally Posted by faithfulfatherof2 ↗

Definition of*socialism

1:*any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods

2a*:*a system of society or group living in which there is no private property

b*:*a system or condition of society in which the means of production are owned and controlled by the state

3:*a stage of society in Marxist theory transitional between*capitalism*and*communism*and distinguished by unequal distribution of goods and pay according to work done

Please explain to me how socialism is good?