That's it in a nutshell.
"Democracy extends the sphere of individual freedom; socialism restricts it. Democracy attaches all possible value to each man; socialism makes each man a mere agent, a mere number. Democracy and socialism have nothing in common but one word: equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude." -- Alexis de Tocqueville
Originally Posted by CuteOldGuy
I think the core difference between democracy and socialism is the difference between courage and cowardice. Democracy appeals to our better angel. It tells us that life can be wonderful. It tells us that we have enormous potential and can accomplish great things. Democracy provided the environment for Edison, Ford, Tesla, Gates, Jobs and countless other inventors and businessmen to accomplish what they could have never done in any other country.
Socialism exploits fear and rewards cowardice. Socialist politicians encourage the belief that life is hard and that you need the government's help to get by. Socialism rewards people for not doing their best. Socialism punishes those who do their best by confiscating the fruit of their labor and giving it to the cowards who never even tried.
“They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.”
Ben Franklin