Conservatives: Give your definition of Socialism.?

When Obama dismantles capitalism by taking over the auto industry, the banks, Wall Street, and decides how much people will earn. Decides that there's 45 million uninsured Americans when in fact it's 12 million illegals. When Obama appoints Czars to control everything and expands government 10 fold. When citizens have to sacrifice freedom and liberties. When we were warned by Great Britain not to go down this path. That, my friend, is socialism.