Osler's Razor

Nice piece of insight and some interesting comments but I have to say that it bugs me when people throw around notions they don’t seem to fully grasp. Maybe someone should clarify once and for all that “socialist” refers to the collective ownership and administration of the means of production and distribution of goods, where “socialism” refers to a society or group living in which there is NO private property whatsoever. It has to be the same kind of haze that made it okay for big corporations to keep profits private, but socialize risks, not to mention giving themselves handsome bonuses from those very public funds that covered their gross blunders. Sorry for changing the subject, I'll go clean my closet now.