Ok I think I understand, thank you for taking the time to write it out for me 🙂

I see, so what’s the difference between that and Communism, I’d always thought the difference was socialism was the, I guess goal of supporting all of society? Regardless of the economic approach that generated the money. I’m pretty unfamiliar with this kind of discussion and I want to rectify that haha

By the same token though, doesn’t socialism exactly mean basic welfare? Doesn’t socialism just boil down to looking after every member of society equally, such as with basic welfare if they aren’t working or universal healthcare to make sure anyone can access it regardless of station or wealth?