(lc) the text below was written in 1918: "i believe, your honor, in common with all socialists, that this nation ought to own and control its own industries. i believe, as all socialists do, that all things that are jointly needed and used ought to be jointly owned—that industry, the basis of our social life, instead of being the private property of a few and operated for their enrichment, ought to be the common property of all, democratically administered in the interest of all…" according to eugene debs, what is the fundamental principle of socialism?