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1. DEFINITION
   

2. from Wikipedia (click to see a full description)
   

3. Socialism refers to various theories of economic organization advocating public or direct worker ownership and administration of the means of production and allocation of resources, and a society characterized by equal access to resources for all individuals with an egalitarian method of compensation.
   

4. Contrary to popular belief, socialism is not a political system; it is an economic system distinct from capitalism.
   

From Bloomberg.com

Socialism Threat Has Long History for Health-Care Overhaul Foes

Sept. 14 (Bloomberg) -- The debate is about health care. The threat is of a march toward “socialism.” The words come from a famous voice.

Not Sarah Palin in 2009. It was Ronald Reagan in 1961:

1. “From here, it’s a short step to all the rest of socialism.”
   

Many of the arguments against President Barack Obama’s overhaul effort are refrains from previous debates over health- care policy and Social Security dating to Presidents Theodore Roosevelt, Franklin Delano Roosevelt and Harry Truman.

“There are substantial echoes of the past

rhetoric in what we’re hearing today,”

presidential historian Robert Dallek

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Obama on socialism attacks