So what exactly is socialism, anyway, and why is U.S. President Donald Trump so alarmed about it? "Here in the United States, we are alarmed by the new calls to adopt socialism in our country," Trump declared in his speech to Congress. As he spoke, network cameras panned to self-declared supporter of socialism Sen. Bernie Sanders and, by U.S. standards, the left-leaning Rep. Alexandria Ocasio-Cortez. (Jonathan Ernst/Reuters)The discussion of who owns the means of production is one of the places where politics and economics come together in the subject area known as political economy. The difference between socialism and liberalism is that socialists don't believe equality is real unless you include economic equality.

Source: CBC News February 11, 2019 09:00 UTC