I want to pose a question for honest discussion. According to the below definition of Socialism from dictionary.com and the Gospel as recorded in Acts 4, was Socialism being practiced by the apostles in Acts 4? In your opinion is the answer yes or no? Why or why not?
Socialism: a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole. www.dictionary.com
King James Version (KJV)
And the multitude of them that believed were of one heart and of one soul: neither said any of them that ought of the things which he possessed was his own; but they had all things common. And with great power gave the apostles witness of the resurrection of the Lord Jesus: and great grace was upon them all. Neither was there any among them that lacked: for as many as were possessors of lands or houses sold them, and brought the prices of the things that were sold, And laid them down at the apostles' feet: and distribution was made unto every man according as he had need.