Castro Vows Cuban Socialism to Survive BushSo, I briefly read this article and wonder to myself, what exactly is socialism.
Socialism: Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy.
Capitalism: An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.
What is so bad about Socialism then?