> This sounds like libertarianism to me, not socialism (small S or not.)

My feeling is you've not read some of raganwald's other writings which more clearly explicate socialism, the way he's using it here:

"Socialists advocate a method of compensation based on individual merit or the amount of labour one contributes to society. They generally share the view that capitalism unfairly concentrates power and wealth within a small segment of society that controls capital and derives its wealth through a system of exploitation. They argue that this creates an unequal society that fails to provide equal opportunities for everyone to maximise their potential."[1]

[1] http://raganwald.posterous.com/hello-my-name-is-reginald-and...