Saturday, September 12, 2009

Socialism as defined by Merriam-Webster

This may remind you of what has been happening since Obama took the Oath of Office.


http://www.merriam-webster.com/dictionary/socialism


  • Pronunciation: \ˈsō-shə-ˌli-zəm\
  • Function: noun
  • Date: 1837

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

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