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Old 07-27-2009, 07:19 AM   #10 (permalink)
Baraka_Guru
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Quote:
Originally Posted by The_Dunedan View Post
When those businesses, or portions thereof, come under Gov't ownership or control (State ownership of Means Of Production), Socialism is the accurate term. Whether those businesses were "helped" or not, they have been brought under full or partial Gov't ownership and control, ergo Socialism. Perhaps not fully Socialized, but the term is accurate.
Actually, it's more accurate to call this state capitalism (public ownership).
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Last edited by Baraka_Guru; 07-27-2009 at 07:26 AM..
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