It is about time that the American people were educated and informed about what true “Socialism” is and is not. The fact is that in true socialism “the means of production” are owned by all of the people. In other words, all of the workplaces and businesses are owned, controlled, and run by all of the people for the good and well-being of all of the people. They are not privately-owned by individuals and groups. In true socialism, we would not be totally equal in terms of how much we would get paid for our work, but we would be much, much more equal than we are now. There would not be any billionaires or people who have hundreds of millions of dollars and tens of millions of dollars in total wealth, most of which they inherited and did not earn by their own labor. We would share what we have.
On Tuesday, the newly-formed Stanford chapter of the Young Democratic Socialists of America (YDSA) hosted Laura Hanna — co-founder of financial advocacy group the Debt Collective — in a teach-in discussion about tools for disputing student loans and other types of debt.