Socialism in a nutshell:
Socialism revolves around worker ownership of production, its means, and the methods of distributing the refined resources (created by the production or the result of trade with an outside entity).
It means that the people who work own an equal share of the means of production (they own the warehouses, equipment, the mine, etc.) They also own a equal vote in the distribution of the resources (food, clothing, shelter, education, opportunity).
Problem with socialism:
It's unfeasible. In any realized socialistic government there exists a few that control the means of production and the resources, and they alone decide (in the name of the voice of the people) how the resources are distributed. The result of which is communism.
Communism in a nutshell:
Communism takes socialism and establishes a centralized government that have all the rights the workers were designated by socialism. Government control production, its means, and distribution of resources.
Our Republic in a nutshell:
Our republic is ruled by law. Unfettered law based in our Constitution is inherently impartial. WE ARE NOT A DEMOCRACY. Democracy is rule by popular opinion (or majority rule). The law protects each person with the same rights. Therefore, 5 people cannot take what belongs to 1 person because the victim is protected by a common law that makes such a thing illegal.
The laws are written by legislators which, according to the constitution, are supposed to only adapt to unknown changes in the future; they aren't supposed to undo the concept of equal protection.
See, the founding fathers were smart and realized they needed legislators who could apply the constitution to things like equal protection of intellectual property. Property wasn't intellectual in the past. A physical item had to exist. However the constitution provides equal protection for a person's means of production, and the lyrics of a song qualify for this protection. The concept of intellectual property was created to provide just that protection guaranteed by the constitution. Such laws do not CHANGE the concept of equal protection, but extend it to all property.
Judges are supposed to interpret law, because not each individual case can be covered in words. Therefore the law is generic, and judges interpret how to apply the law to the case at hand.
The economy in a nutshell:
Here is my theory which will define the ultimate difference between communism (because socialism cannot exist) and a republic with regards to the economy. The success of any economy revolves around this concept: does the individual feel that his means of production are adequately protected.
Think of a farmer. does he feel that he can grow crops without external forces taking his land, seeds, and produce? Does he fear that the government does not adequately protect him from his neighbor farmer burning his crops down to create a monopoly? Does he fear that the government will take his land away without due compensation?
Consider the stock broker. Is he confident the government cannot tax his capital gains so much that he cannot use his talent to generate personal wealth?
When people do not feel they can protect the means to generate wealth (notice I'm not saying they MUST generate wealth), the economy fails.
And The Difference???
Socialistic confidence in the protection of the means of production depends on the PARTIAL AND BIASED actions of the people who control the government. That means NO guarantee the law is impartial. NO Guarantee the law protects ones rights. If the people feel the government is not acting in the best interest of this security, SOCIALISTIC ECONOMY fails.
Republic confidence in the protection of the means of production depends on an impartial law and impartial legislation, jurisdiction, and enforcement of such a law. If the people feel the government no longer applies the law, or that the law has been distorted to not provide equal protection, A REPUBLIC ECONOMY fails.
Why is this so important:
This may not seem different to you because it appears as if people can change laws or refuse to apply them fairly (resulting in a dependency on the people in power), however in a Republic, this is imaginary. The CONSTITUTION GUARANTEES that we always have the right to demand that the law is applied impartially. The CONSTITUTION GUARANTEES the law will always allow us to protect our means of production (and other inalienable rights) regardless what the people in office claim, say, or do. We are even given the right to revolt against any people in government who refuse to provide this protection.
In a socialistic government, in which the people do not have this buffer of protection by impartial law, the law is changed at whim by the people in power, and the people do not have the right to revolt.
That's why, if any government official says that the Constitution must be changed to enable progress, that person does not understand the fundamental guarantee in the Constitution that law will impartially protect THE PEOPLE and their basic rights. They aim to take this away from us.
THIS IS the only source of freedom.
And now you are educated. Now you know why the Constitution, the Republic, and the guarantee of impartial Law is so fundamental to our nation. These things are the very spirit of the foundation of our nation.
ANY FREE MAN MUST PROTECT THIS FREEDOM DEARLY.