@I Play One On TV Really? Let’s let Merriam and Webster help you out here.Socialism1 any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods2a : a system of society or group living in which there is no private property b : a system or condition of society in which the means of production are owned and controlled by the state3 a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work doneYour insurance analogy fails on all points of the standard definition.
@I Play One On TV Really? Let’s let Merriam and Webster help you out here.Socialism1 any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods2a : a system of society or group living in which there is no private property b : a system or condition of society in which the means of production are owned and controlled by the state3 a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work doneYour insurance analogy fails on all points of the standard definition.