Sunday, June 28, 2009

Word For The Day: Socialism

Socialism is basically defined as a political and economic system in which the government owns the means of production and distribution of goods among the citizens. Socialism advocates government not only owning the industry of the state, but also being responsible for distributing the profits equally among its citizens.

According to our Declaration of Independence, "We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed..." In other words, our Founding Fathers viewed a limited government that allowed the citizens to work and enjoy the profit from their labor. They did not view government as the owner and distributor of our nation's industry and wealth.

My question now is this, what form of government is currently being advocated?

Cross-posted at

1 comment:

tedmag said...

Excellent reference back to the founding documents. For an audio download of the Declaration of Independence, the Preamble and Lincoln's Gettysburg Address (and antecedents in British Common Law)check out Those Self Evident Truths CD, .wav Cascade Saga Press