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[[Image:Socialism rally.jpg|right|300px|thumb|A Socialist rally in Trafalgar Square, [[London]] (1967)]]
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[[Image:Backrdv12n2.jpg|right|400px|thumb|The caption reads, "Long live the great undefeatable flag of Marx, Engels, Lenin, Stalin!"]]
 
'''Socialism''' is an economic system where the means of production are seized and monopolized by the government without compensation to the builders of the [[capital]], and where investments, production, distribution, income, prices, and economic justice  are administered by a government [[nomenklatura]] that regulate the transfer of money, goods (including capital goods), and services primarily through taxation and regularized and institutionalized aggressive coercion.
 
'''Socialism''' is an economic system where the means of production are seized and monopolized by the government without compensation to the builders of the [[capital]], and where investments, production, distribution, income, prices, and economic justice  are administered by a government [[nomenklatura]] that regulate the transfer of money, goods (including capital goods), and services primarily through taxation and regularized and institutionalized aggressive coercion.
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==World socialism==
 
==World socialism==
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In the United States, liberals sometimes endorse political stances either adopted by Socialists, or associated with Socialists: <ref>Before Congress adjourned last week on another of its lengthy holidays, Speaker Nancy Pelosi repeated a phrase she has previously used about the war in Iraq. She again referred to it as "the Bush policy of unending war in Iraq." [http://www.townhall.com/columnists/CalThomas/2007/05/29/unending_war Cal Thomas] Tuesday, May 29, 2007] </ref>
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US liberal politicians often echo the rhetoric of world socialism: <ref>Before Congress adjourned last week on another of its lengthy holidays, Speaker Nancy Pelosi repeated a phrase she has previously used about the war in Iraq. She again referred to it as "the Bush policy of unending war in Iraq." [http://www.townhall.com/columnists/CalThomas/2007/05/29/unending_war Cal Thomas] Tuesday, May 29, 2007] </ref>
    
*"Because George W. Bush [is] among the most menacing and belligerent [presidents] in American history. [He has] outlined a program of limitless and perpetual warfare, on every continent, and against any regime that stands in the way of the rapacious American ruling class.... like Hitler and the Nazis, American militarism has embarked on a campaign of world conquest and world domination... [President Bush has issued] a declaration of the unbridled appetites of the military and of the most ruthless, corrupt and criminal sections of the American ruling elite ...Like Hitler, Bush presents an upside-down view of the world in which small and weak states are mortal threats to the most powerful and heavily armed..." (World Socialist Web Site, 31 January 2002)
 
*"Because George W. Bush [is] among the most menacing and belligerent [presidents] in American history. [He has] outlined a program of limitless and perpetual warfare, on every continent, and against any regime that stands in the way of the rapacious American ruling class.... like Hitler and the Nazis, American militarism has embarked on a campaign of world conquest and world domination... [President Bush has issued] a declaration of the unbridled appetites of the military and of the most ruthless, corrupt and criminal sections of the American ruling elite ...Like Hitler, Bush presents an upside-down view of the world in which small and weak states are mortal threats to the most powerful and heavily armed..." (World Socialist Web Site, 31 January 2002)
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