ps. for those that don't know, you needn't bother looking it up as you have practicaldreamer at hand.
This is socialism (Clause IV of the Labour Party constitution of old) :-
"To secure for the workers by hand or by brain the full fruits of their industry and the most equitable distribution thereof that may be possible upon the basis of the common ownership of the means of production, distribution and exchange, and the best obtainable system of popular administration and control of each industry or service."
The means of production are, basically, land+labour+capital.
Its interesting, anyhow, that the US is looking up socialism - I suppose it already has a good idea what libertarianism means.