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View Diary: Barack Obama's Message To Glenn Beck And Rush Limbaugh Fans (194 comments)

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  •  A lot of people don't know what socialism is (2+ / 0-)
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    Jlukes, snazzzybird

    socialism is when the government, as a general rule, runs and administers the economy.  It owns all business, it decides how much of what goods to produce and how much to charge for them.  The government employs (theoretically) everybody and decides what to pay them.  It does this with the ostensible goal of acting for the benefit of all the people.

    The biggest flaw with socialism is it doesn't work, it's inefficient--the government doesn't know how many rolls of toilet paper people are going to buy in a year for example.

    Socialism was created as a response to the amorality of capitalism.  The one rule of capitalism is you make money because you CAN, within the rules of supply and demand.  Capitalism is about possibilities and not what is right or wrong; nor is it about how hard you worked.

    Mainstream liberals and Democrats don't favor socialism, they favor regulated capitalism meant to enforce fairness and opportunity for those who are not necessarily advantaged in society.

    by darboy on Sun May 02, 2010 at 06:38:44 AM PDT

    [ Parent ]

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