The Cowboy Economist is John Harvey, PhD, who has started making really funny educational videos about econonmics.
They’re worth sharing, so I am.
John draws a distinction between big S socialism (Karl Marx) and small S socialism (Bernie Sanders) in a way that clearly distinguishes them.
The two definitions are below. As he says, they’re quite a bit different.
Socialism is the distribution of a good or a service by a means other than income.Small S socialism, per the Cowboy Economist
Socialism is the social ownership of the means of production.
Big S socialism, per the Cowboy Economist
To further illuminate his meanings, I bring you, without further delay, The Cowboy Economist, and his advise on how to tell if someone is a socialist.