Tradicat

 + JMJ  Following up on my first article I did a quick review of the Catholic Encyclopedia (links below). First the idea of the economy is to manage the resources of an organization. That can be a person, family, company, country or even world. The term socialism (quoted below) definitely seems to apply today over a hundred years later. A system of social and economic organization that would substitute state monopoly for private ownership of the sources of production and means of distribution, and would concentrate under the control of the secular governing authority the chief activities of human life.  This is where I see socialism leading to a police state as described in 1984.  There are a number of current movements that seek to limit the action of religion and the majority in favour of minorities. Something to research further. Communism seems to be a flavour of Socialism with all property being removed from the control of the individuals. In its more general s...

 + JMJ  I live in a country that some call 'socialist' ... and I recall looking up the definition once and found that the label didn't fit. So I've decided to do a shallow dive into the different economic systems with a focus on Communism, Socialism and Market Driven. In Socialism - the means of production are not owned by individuals, but by a collective of some sort, such as the Government.   In Canada we have Crown Corporations that are own and managed by the Government.  So these do appear to be 'Socialist', however they are the exception not the rule and are generally focused on areas of national importance (See list at end of article).  I've attached some excerpts below and have concluded that the Canadian Health system is not inherently socialist because the 'method of production' - meaning the hospitals - are not generally owned by the government, but privately via corporations.  What most people don't seem to know is that the Canadian He...