08-31-2018, 02:44 PM
Modern Western socialism is distinct from that of earlier in the century where it was characterized by antagonism towards capitalism.
It's a political market-oriented philosophy that promotes the general welfare and fair compensation for labor.
Capitalism and wealth are acceptable in this form of socialism, so long as the accrual of wealth doesn't result in abusive monopolies or mess up the economy with what amounts to choke-points of wealthy individuals who amass their money without contributing to society or who do so to society's detriment.
It's a political market-oriented philosophy that promotes the general welfare and fair compensation for labor.
Capitalism and wealth are acceptable in this form of socialism, so long as the accrual of wealth doesn't result in abusive monopolies or mess up the economy with what amounts to choke-points of wealthy individuals who amass their money without contributing to society or who do so to society's detriment.