Sunday, November 2, 2008

Obama a Socialist?

http://www.csmonitor.com/2008/1030/p09s01-coop.html
Both major political parties advocate a combination of economic fascism and socialism. Under fascism, private ownership of the means of production is retained, but controlled by the state for the perceived "good" of the state (e.g., the actions taken by the Treasury and the Fed in the past several months). Another prominent characteristic of fascism is the use of public monies to generate private profits (e.g., sports stadiums), and its correlary of privatizing profits while socializing losses (Fannie Mae and Freddie Mac). Under socialism, the state owns the means of production. Being the pragmatic people we are, government in American draws from both to achieve its ends.

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