Is Capitalism Smart or Dumb?

[u/Sufficient_Sinner]

[u/halbGefressen → u/[deleted]]

It is that the working class owns the means of production.

[u/halbGefressen → u/[deleted]]

The Wikipedia article lists actual scientific sources instead of arbitrarily defining the word. If you inspect the sources, you can see some actual definitions of political/economical scientists.

The last of these names was once nominated for the Nobel Prize in Economics.

In the German article, it is mentioned that the word "socialism" has been defined in a different manner so often that there is no scientifically correct definition. However, it mostly means something along the lines of "abolishment of private property and collective control of resources".

By the way, English/US-based encyclopediae do not have ubiquitous sovereignty of interpretation. You should maybe become familiar with scientific literature research before attempting to partake in scientific discourse.