1: any of various economic and political theories advocating collective or
governmental ownership and administration of the means of production and
distribution of goods
2 a: a system of society or group living in which there is no private
property b: a system or condition of society in which the means of production
are owned and controlled by the state
3: a stage of society in Marxist theory transitional between capitalism and
communism and distinguished by unequal distribution of goods and pay according
to work done
However, look what the Governor of one American state has said in the past:
"And Alaska - we're set up, unlike other states in the union, where it's collectively Alaskans own the resources. So we share in the wealth when the development of these resources occurs." [parenthesis mine]
Whoops! Looks like is a little socialism on the Republican ticket for the White House as those are the words of Governor Palin. Wonder how Joe the plumber is taking the news.
"If you look at spreading the wealth, that's honestly right out of Karl Marx's
mouth," Joe said yesterday, "No one can debate that. That's not my
opinion. That's fact."
Wow! I don't remember Marx having a $150,000 allowance to clothe himself, do up his hair and his lips. Obviously it's spread somewhat differently these days.
Hat tip to Andrew Ducker via Jennie Rigg