In socialism the government owns the means of production (factories, stores, ECT.). In communism the government owns everything (homes, churches, schools, ECT. as well as the factories and stores). You can have varying degrees of socialism where the government owns or controls varying amounts of the means of production. The more the government owns or controls, the closer it gets to communism. The government does not have to own a factory or business outright to control it.

Continue Reading...

Sometimes when we intend to do something we perceive as good, like banning guns, unintended consequences happen. An example would be when President Johnson created the “Great Society” in the 1960’s. The idea was to pay those in the inner city that did not have jobs until they could find work, thus welfare was born. However it was soon discovered that when someone was paid not to work there was no incentive to find work.

Continue Reading...