Quote Originally Posted by honedright View Post
Everything I read about socialism is similar to this article: Socialism: The Concise Encyclopedia of Economics | Library of Economics and Liberty

Then I read comments like yours that socialism is misunderstood.

Please explain how the above citation is incorrect or over-simplified.
It is true that some forms of socialism advocate full state ownership and planned economy especially communism. But social democracy for example does not follow this, it is rather the mixed economy. That is why it is oversimplified.
Btw the article you are referring to..well it took me 2 seconds to see how biased it is.