That definition is incorrect, according to my book of political economics.Oh, boy...another socialist who believes that capitalism
doesn't have cooperation. And that cooperation means
"socialism".
Do you have internet access to an English dictionary?
Here's one...
Definition of socialism | Dictionary.com
a theory or system of social organization that advocates the ownership and control of the means of production and distribution, capital, land, etc., by the community as a whole, usually through a centralized government.
And a book of political economics is more reliable than a Dictionary.