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so yeah, you don't understand what socialism is. glad we cleared that up
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Socialism: a System of economic organization in which means of production are owned by, or under the control of, the State (Edited to add: or another organization or collective with a monopoly on the legitimated use of force). Some interpretations (anarcho-Socialism for instance) posit that such ownership/control would be exercised by worker's Unions or other collective organizations. In either case, Socialism is usually viewed as a transitional stage between Capitalism and Communism, although some theorists regard Socialism as the fullest possible implimentation of Collectivist principles and ideology which may be achieved at "society's" current stage of development.
Got any more snide intellectually-elitist comments, or would you prefer to debate the issue?
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I guess you don't understand the bailouts. Would you like to start a thread on it?
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I understand the bailouts just fine. The Federal Gov't, in exchange for partial ownership of (and control over) the Corporations in question, "loaned" them (or outright gave them) incredible sums of stolen/printed money in order to keep them afloat. As a result, the Federal Gov't now owns shares of (ie State ownership of means of production) a significant number of banks, General Motors, Chrysler, etc. As a result, we see the Obama Regime throwing out CEOs, breaking contract law in the matter of pension funds and stock priority, forcing various degrees and types of product-modification (especially for car-makers) onto the Corporations in question, etc.
State ownership (share-holdership) + State control (see above) = Socialism, by Socialists' own definition.
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You mean to say that Obama is a socialist merely for employing a socialist technique during a crisis?
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Yes. If he were a Capitalist, he would employ Capitalist methods.
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Newsflash! Virtually every economy on the planet employs socialist techniques!
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Which proves nothing except that "virtually every economy on the planet" is operating from the same baseline of barely-functional immorality; some simply happen to be slightly "less bad" than others.
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News update! America remains today one of the most capitalist nations on the planet!
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"Healthiest patient in the Ebola Ward" is hardly something to aspire to.
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This just in! There is no such thing as a purely capitalist economy. There never has been, and there never will be.
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You're two-thirds right here. There is not now, nor has their ever been, a
lassaize faire economy. Whether or not one will exist in the future is yet to be seen.