Wrong, try again.Nationalizing the means of production, and nationalizing the distribution of economic resources.
Wrong, try again.Nationalizing the means of production, and nationalizing the distribution of economic resources.
That is what I was taught in school.Wrong, try again.

Have you ever researched what the actual people who identify as "socialists" define it as?That is what I was taught in school.
It's consistent with the first hit on Google.
a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
synonyms: leftism, welfarism; More
- policy or practice based on the political and economic theory of socialism.
synonyms: leftism, welfarism; More
- (in Marxist theory) a transitional social state between the overthrow of capitalism and the realization of communism.
Love to hear your definition

Have you ever researched what the actual people who identify as "socialists" define it as?
There are several descriptions you could give it. "The working class owning the means of production" would suffice (working class meaning workers in the process of production, not the "working class" in terms of distribution). Alternatively you could term it as economic democracy
Why not take a look through this booklet, Gundam?
