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There's Nothing Green About Socialism - HumanProgress
(www.humanprogress.org)
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Communism is when the company is state owned. Socialism is when it's owned by the workers. They are not the same. Financial incentives that exist in capitalism also exist in socialism. They do not exist to the same degree in communism.
Socialism is closer to saying all companies are co-ops.
You're referring to specifically a subset of socialism, that is literally called state socialism that shares many aspects with communism.
But, in general, socialism does not have state ownership as a tenet of its belief.
Socialism has to. socialism has the workers controlling the means of production and the state is a vanguard of the workers that manages to companies
You are espousing one person's interpretation of a concept. It is not the only one. It wasn't even said by someone who adhered well to their own rules in practice.
Socialism does support the idea that all companies are co-ops. If you don't work for that company, you do not own part of it.