"Socialism is a scareword they have hurled at every advance the people have made. Socialism is what they called public power. Socialism is what they called social security. Socialism is what they called farm price supports. Socialism is what they called bank deposit insurance. Socialism is what they called the growth of free and independent labor organizations.
Socialism is their name for almost anything that helps all the people."
- "The real purpose of socialism is precisely to overcome and advance beyond the predatory phase of human development, economic science in its present state can throw little light on the socialist society of the future."
And to me, socialism is mostly about worker-owned co-ops:
When workers own their means of production (eg factories or shops) they can elect management where workers are in control, & those workers can keep the full product of their labor instead of part being taken by the very wealthiest people.
The billionaires have enough money. Instead that money can stay in the business, eg used to pay for more employees and equipment.
Co-ops aren't some utopian fantasy, they are already successful (some have tens of thousands of employees.) They're an advancement which are being held back because of capitalist government policies. The very wealthiest people write the laws and choose the congressmen via financial support.