I believe that is what most people would call socialism. When taken at its root idea anyway.
I believe that is what most people would call socialism. When taken at its root idea anyway.
And the entire thesis behind socialism is that it's morally superior to capitalism, in a similar way that free software is argued as being morally superior to proprietary software.
That's the entire point of Historical Materialism.
Like China?
No, it could also be the society's moral system. For instance, take a hypothetical capitalist society where the shame and stigma of violating human rights is very strong. A business owner there would likely refuse to violate them even if it's very profitable, because doing so would make him a pariah, no "socialism" required.
So in other words it would not be profitable, no?