Also from wikipedia:
>Socialism /ˈsoʊʃəlɪzəm/ is an economic system characterized by social ownership and control of the means of production and cooperative management of the economy
There seems to be a myth that socialism means anti-capitalism. This is not true. You can have private, but managed private companies working in a socialist countries. You have have a fully capitalist country but with socialised essential state assets.
There seems to be a myth that socialism means anti-capitalism. This is not true. You can have private, but managed private companies working in a socialist countries. You have have a fully capitalist country but with socialised essential state assets.