It does not leave to the individual the determination of what constitutes the pursuit of happiness, but decides and dictates this to all members of society. This is a fundamental difference, based on the abstract idealism of socialist theory, as opposed to the realistic view of existence posed by natural rights. While recognizing that all men are created equal in their entitlement to political rights, natural rights also grants to men the freedom to discover their own potential and to make of their life what they will. Natural rights do not attempt to compensate a person for his natural shortcomings, nor diminish the rewards to a person for his natural abilities. Socialism, in pursuing what it postulates as social justice, greater equality and security, does so by abolishing private enterprise and private ownership as the means of production.
Socialism creates a centrally planned economy.
Much has been written to prove that Socialism enervates initiative, destroys creativity and is therefore highly inefficient. Sincerely, BM State of California, United States of America.