When he is a called a socialist, the President and his defenders can easily deflect that charge by pointing out that the historical meaning of socialism is government ownership of industry; under the President’s policies, industry remains in nominally private hands. Using the more accurate term – corporatism - forces the President to defend his policies that increase government control of private industries and expand de facto subsidies to big businesses. This also promotes the understanding that though the current system may not be pure socialism, neither is it free-market since government controls the private sector through taxes, regulations, and subsidies, and has done so for decades. [Emphasis added]
Government is gaining power by infiltrating the means of production, formerly known as free enterprise.
A reader comments: "I’m beginning to wonder why we, the people, have allowed the government to grow in size and power – way beyond what the constitution mandates. Though I do believe that we have been duped, I don’t believe it is because we are stupid. If anything, we have been too trusting and respectful of those in positions of authority, including both those in government and the mass media..."
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