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Originally Posted by aceventura3
In China there is a booming economy and a growing middle class because of their moves towards a more free and open economy.
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They are essentially a mixed economy.
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It is not clear to me what you would consider a socialist. I think the moves the Obama administration are clearly socialism. And, I would prefer that people simply be honest about what they are, I agree that there are degrees of separation on this topic, but at some point it becomes clear what a person truly is. I am just surprised by the degree at which Obama and his defenders pretend to hide from what he really is. On a scale of 1-10 with one being to pure free market capitalist and 10 being a pure socialist, I am about a 2 and I would put Obama at about 7. How would you rank yourself and Obama?
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This is a good question, and a valid concern. The numbering system you have here is a bit arbitrary, however. I don't think Obama is anywhere near a 7. China would be closer to 7 than Obama. Obama, in all likelihood, could be anywhere down to a 4 or 3. It's hard to tell because we only know him with one economic, political, and social situation: his first 100 days are barely past. If Soviet Russia is a 10 on socialism, and some point in America's history it was 1 (neither of which were exactly pure), then I'd put myself at about a 4...which I think would be around where Canada is. Again, however, I'll point out that this is a bit arbitrary.
I'll say this: Obama is trying to fix a fairly big problem. He is using socialized programs, etc., to attempt to lessen the blow of an otherwise horrific economic turbulence. It might simply result in putting back in place what was removed from previous administrations: regulation, laws, controls, checks & balances...the kind of thing you see in mixed economies such as Canada. You know, one of those nations who aren't in deep crisis mode due to certain stabilizing factors.