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Why do you think so many people are freaked out by the concept of socialism?

Asked by kwso (29points) April 10th, 2009

Wikipedia: Socialism refers to a broad set of economic theories of social organization advocating public or state ownership and administration of the means of production and distribution of goods, and a society characterized by equality for all individuals, with a fair or egalitarian method of compensation.
What’s wrong with that?

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