(01-17-2013 09:34 AM)Willinois Wrote: Here's his quote:
Quote:"Technically speaking, it's more like fascism. Socialism is where the government owns the means of production. In fascism, the government doesn't own the means of production, but they do control it — and that's what's happening with our health care programs and these reforms."
He's right that it's not socialist. It's not fascism either though.
Trying to convince people that corporations aren't greedy is even more idiotic. Corporations exist to make a profit. They are what they are.
He is only partially right about the definition of Socialism, especially as it is practiced in democratic countries today.
Socialism advocates for government ownership OR regulation of "production, distribution, and exchange" of goods or services.
In some cases ownership is now and has always been an accepted practice in society. In fact it often is the preferred method. A few examples are obvious, police and fire protection come to mind.
In other cases regulation is preferred. Banking and food safety are good examples we take for granted need government intervention and regulation.
Socialism and capitalism can and do exist within virtually all economic and political systems at work in our world today. They are not mutually exclusive systems.