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badtrip
I heart the East Bay
Premium
join:2004-03-20
Albany, CA

reply to matrix3D

Re: Americans have gotten too Greedy

said by matrix3D:

EDIT: Also, I'd just like to point out that what you described ("Socialism is society characterized by equal access to resources for all individuals with a method of compensation based on the amount of labor expended.") is actually capitalism.
Sorry, that is not true. Back to Wikipedia with you!

»en.wikipedia.org/wiki/Capitalism

Capitalism/Socialism/Communism has little to do with compensation. It has everything to do with ownership. Further, compensation is only marginally tied to "time invested".

Yes capital can be in the form of "money" but often times it is not. Please try not to spout the government line unless you know what the government line means....

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