this post was submitted on 26 Jan 2024
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Nope.
That's not socialism.
In socialism there's still private ownership of companies.
Maybe you're specifically thinking of Communist Russia which allowed for small businesses to have private ownership, or perhaps you're thinking of Anarcho-Communism?
But the reality is, private ownership is the antithesis of collective ownership, so most socialists aren't really on board with that.
Via Wikipedia, which makes the point numerous times, with a plethora of scholarly references:
https://en.wikipedia.org/wiki/Socialism
But don't worry, I fully expect a response that keeps arguing the same thing with no evidence to support it. That's what I usually get here, it's like the world has become illiterate.
Here's the summary for the wikipedia article you mentioned in your comment:
Socialism is an economic and political philosophy encompassing diverse economic and social systems characterised by social ownership of the means of production, as opposed to private ownership. It describes the economic, political, and social theories and movements associated with the implementation of such systems. Social ownership can take various forms including: public, community, collective, cooperative, or employee. No single definition encapsulates the many types of socialism, but social ownership is the common element. Traditionally, socialism is on the left-wing of the political spectrum.
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