Socialism is defined as a economic system in which productive capital is state owned. In Marxist theory, it is the economic stage between capitalism and pure communism. It has killed a lot of people in its attempt to finally perfect the multicultural baby. This means that dialectical materialism dictates that killing people is good for all mankind. This is evidenced by the fact that Stephen J. Gould was fat as he ate a lot of babies. Remember, socialism always kills innocent people but capitalism only killed everyone who probably deserved it anyway. Srsly.
Socialists are normally poor and jealous; they want you to have shitty health care. Socialists have some groups that believe the poor should own shit instead of the government or capitalists. They're called anarchists and are total fags. Socialists are typically high-school dropouts that failed their economics classes. Socialists typically rely on a shamanistic economic system first started by Karl Marx whilst on a booze binge. This is because they are filthy furries. Some socialists are also nationalists.
Socialism is responsible for more starvation and poverty than AIDS multiplied by famine. It is also responsible for everything bad in an economy; anything good in it is capitalism.
Socialism is the system America had before Ronald Reagan ran the commies out of the government. Eurofag countries still have socialism, which is why Europe sucks.