For us, there is no valid definition of socialism other than the abolition of the exploitation of one human being by another." ~ Che Guevara Introduction The Oxford English Dictionary defines socialism as a theory or policy that aims at or advocates the ownership or control of the means of production—capital, land, property, etc.—by the community as a whole and their administration in the interests of all. Schumpeter's Capitalism, Socialism and Democracy (1942) where is defin