Socialism vs Capitalism

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Castro Vows Cuban Socialism to Survive Bush

So, 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?

[ShapeShifter]

What about this...

Have the people run the economy?

Also, tie in the profit to their paycheck. So, the higher the GDP, the more money they get in addiction?

Why is having a few people own production and distribution better than everyone owning a piece of the cut?

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U.S. Income Gap Widening, Study Says

[ShapeShifter]

U.S. Income Gap Widening, Study Says

why is that good?

I think it was meant to be sarcastic.

[ShapeShifter]

Socialism is cool. I love socialism. I am one big happy liberal who believes Capitalism is bad. Socialism done right without killing works better. When the masses agree collectively then it will work. Just like you can't force Democracy on a country, you can't force Socialism on the masses. It is like if I crammed food down your throat, you're going to sooner or later vomit. The masses will reject it if it is forced. Go Socialism! Down with Capitalism!