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That said, most socialists will gravitate towards a definition along the lines of social control over the means of production , usually being worker ownership over the means of production. Wikipedia goes into more detail - the site has its many issues, but their 'socialism' article is alright.
In a few words: capitalism results in the economy being controlled by people who own businesses and shares as their main source of income (the owning class, the bourgeoisie ), they own the tools that...