This text doesn't describe socialism (or at least, not the socialism you are referring to).
Unfortunately, "socialism" belongs to that category of words which have so many definitions in common use (along with "god", "capitalism", etc.) that you can't generally use them without explaining what you are referring to (and this is kind of what this text is all about).
Unfortunately, "socialism" belongs to that category of words which have so many definitions in common use (along with "god", "capitalism", etc.) that you can't generally use them without explaining what you are referring to (and this is kind of what this text is all about).