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RE: "The problem with socialism is that you eventually run out of other people's money." - Margaret Thatcher
I have to agree with your choice of professor Wolff, as a man who can explain the capitalist terminology trap on the expression of “Socialism”. Here is his detailed explanation, which is necessary if we want to know what we are talking about:
https://steemit.com/politics/@lighteye/what-socialism-is-and-what-is-not