Banks and big corporations can't seem to go 2 weeks without needing to be bailed out. Why are we bailing out these people anyway? Isn't the whole point of the economic competition? How are we suppose to have, say, better and faster internet if Comcast keeps getting bailed out?
I don't think that's what it's called. I don't think it has a proper name. Socialism's hallmark is no private property. This is more like rich politicians keeping their rich friends rich and themselves rich as well, while everyone else gets the bill and no help.
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Socialism specifically focuses on "means of production, distribution, and exchange", you can live in a Socialist community and still own your own things.
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"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." Aka no private property everyone owns everything or in most cases it's the gov that owns all
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No private property? I think that's a hallmark of Communism/Marxism, not socialism.
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It's a good distinction but let me say this, you only own your property until the government or a corporation wants it. Then it's not your property at all. For some great recent examples Google pipelines and eminent domain.
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