What is socialism as noted in the book, The Virtue of Selfishness?

Rand discusses how socialism is the economic application of communist theory, and how in this system, the goods produced by individuals are seized by the government and redistributed to the people. The government controls production and the (supposedly equal) distribution of wealth. Again, there is no private property: all property is own by the state. Rand discusses socialism extensively in this book and asserts that it is evil both in practice and in ideology.