What are the characteristics of socialism and how is the U.S. moving towards socialism?
- 1 decade agoFavorite Answer
From Webster's Seventh New Collegiate Dictionary:
"Capitalism - an economic system characterized by private or corporation ownership of capital goods, by investments that are determined by private decision rather than by State control, and by prices, production, and the distribution of goods that are determined mainly in a free market.
"Socialism - any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods."
The phrase "redistribution of wealth" is used by socialist types to justify confiscation of privately held interests in order to "redistribute" them to others (usually their political cronies).
The bank and auto company bailouts are indicative of a move toward socialism, as are social progams such as Social Security, Welfare, Medicare and Medicaid - among others. To see how we can stop this trend and have a system which truly treats and benefits all equally, please visit the website below.
- Anonymous5 years ago
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- megLv 71 decade ago
Government intervention in the economy like the bailout of GM and the banks.
- Anonymous1 decade ago
Bigger and bigger and bigger government.