Well .. the reporter is right. Strictly speaking, Obama is not a socialist. He’s also most definitely not a capitalist. So that leaves the question … just what in the hell IS he?
Well … you’re gonna learn right now.
No economic system is pure; neither socialism nor capitalism .. nor the system that Obama truly embraces … fascism. In a pure sense … here is how you would define the three basic economic systems. To simplify these definitions – even to the point that government educated American Idol and Entertainment Tonight fans can understand – we will establish one common term to be used in all three definitions … “the means of production.” By “the means of production” we’re talking about the mechanism by which wealth is created; the mechanism by which products and services are manufactured or created and then presented to the people for consumption. Ready? Read on:
Capitalism:Again … those are pure definitions, and no economic system anywhere is solidly in one camp or the other. But as you read these definitions you will see that Obama clearly is much more of an economic fascist than a socialist. It’s control over industry he seeks, not ownership. Capitalist? Hardly. Remember … Obama described his limited days in the private sector as “working behind enemy lines.” Isn’t that just swell? We have a president who thinks that the private sector is the enemy. Wonderful; just wonderful.
The means of production is privately owned and controlled with only minimal regulatory interference from the state for the purposes of public health and safety. Economic decisions made by millions of independent consumers acting in the marketplace.
Socialism:
The means of production is owned and controlled by the state. Private property and business ownership is not permitted. State is in complete control of the economy.
Fascism:
The means of production is privately owned but state controlled; a command economy driven by political whims.
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