Maggie's Farm

Merriam-Webster: Since the term socialism entered English around 1830, it has consistently referred to a system of social organization in which the ownership of property and the distribution of income are subject to social rather than private control. The conception of that control, however, has varied, and socialism has been interpreted in widely diverging ways, ranging from statist to libertarian, from Marxist to liberal. In the modern era, "pure" socialism has been seen only rarely and usually briefly in a few Communist regimes. Far more common are social democracies, such as Sweden and Denmark: democratically elected governments that employ some socialist practices but within a capitalist framework in the belief that extensive state regulation paired with limited state ownership produces a fair distribution of income without impairing economic growth. While in the past social democracy and democratic socialism both referred to movements seeking a fully socialist system, the two terms have diverged. Today's social democracies retain a capitalist system overall, while democratic socialism rejects capitalism fully, and seeks to establish a decentralized socialist economic system within a democratically run government.