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The primary distinction between Socialism and Capitalism being that socialist Government would provide all needs and necessities common to all regardless, and Capitalism would provide wants, desires, wishes or individual exclusivity, as best corresponds and does not conflict with Government. Amalgamism would represent the Product of Socialism and Capitalism as a balance of systems, where both would thrive equally well, for the benefit of the All as opposed to the One alone.
SOCIALISM
Socialism is public ownership and the accumulation of capital resources, for the public good of all, as the pooling of the collective resources of any group of individuals, for the purpose of producing benefit, for the whole in the form of Government, and of which the pooled resources are utilized as best benefits all. Insurance, banks, churches and nature are all instances of socialism, when not used for private profit. Needs common to all are such as food, housing, heat, light, roads, disposals, healthcare, education and communications, transportation or police and fire. Non-essentials as preference, supplementary, superfluity or exclusiveness and would be the province of Capitalism. The commonality of All would be the function of Government, and the individuality of One would be the province of Capitalism.
Any Age Authority (35 of 40)
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