Socialist in name only.
Socialism is the threat to oligarchy. Socialism elevates the will of the people above the oligarchy's private capital. Its make them subject to law. That's why oligarchy must defeat it anywhere and everywhere in the world. That's why they must infiltrate it and demonise it so people become (as you are) so complete afraid of it ever taking hold. Its also why they are so bent out of shape over China, the most successful socialist country ever.
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