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Is this a simplistic example of socialism?
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March 30th, 2010
A political expert I’m not. But if I had to explain to some one what Socialism v Capitalism was, would I be out in left field if I said, “Ok. In Capitalism you get to keep most of your money. If you make $100 you keep $90 of it, and have to “give away” $10. Let’s say that $10 is split up between 7 other people in your society. In a Socialist society if you make $100 you give $12.50 to each of those 7, and keep $12.50 for yourself.”
Is that right?
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