is the US no longer capitalist?

[blackjack avenger]

Perhaps crony socialist?

[moo321]

Social democracy with some corruption involving bailout. Still better than about 98% of the world, though. Maybe 4 countries have more economic freedom than we do.

[blackjack avenger]

Crony social democracy

[blackjack avenger]

Republic - elected government
Socialist - government involvement in housing, medicine, auto & green companies.
Crony - what companies get government assistance, the fact there is assistance
Social - Medicare, Medicaid, minimum wage & SS

The Feds seem to be so heavy handed in some of our largest economic sectors its difficult to consider them capitalist.

[Jack_Black]

It stopped being capitalist when the govt started supporting businesses with subsidies, contracts, and tax cuts. and electing politicians who were just businessmen trying to get into office to manipulate laws to benefit their industry.

Geeeeee. sounds more like Socialism. DON'T CHA THINK!!!

[aslan]

Originally Posted by blackjack avenger

Perhaps crony socialist?

The US has been a blend of socialism and capitalism for quite some time now. This goes back at least to FDR, but probably much further, say, Wilson. Teddy Roosevelt or even before. But FDR marked the crowning socialist events for the US with Social Security, WPA. FDIC, SEC, FLSA, FCC, CAA, CCC, AAA, etc. Medicare and Medicaid, auto bailouts (Chrysler and GM) and banking/insurance bailouts are Johnnys-come-lately.

[QFIT]

Would you people stop the politic threads? You have no idea what Socialism is.

[Jack_Black]

economic system in which the means of production are state owned?

[QFIT]

OK, one guy knows. Ownership and control of the means of production. Michelle Bachmann claims that Obama turned 50% of the economy into Socialism. The actual number is exactly zero percent. And, he is planning the privitization of space launches. And his jobs plan, which people are calling socialist, calls for jobs banks to be used by private companies to hire workers in the private sector. And the health plan will not only substantially increase private health industries, but will reduce reliance on public hospitals, where the uninsured have to go. And he is reducing No Child Left Behind, that dramtically increased the Dept. of Educ. budget under the previous administration, and for the first time inserted the Fed govt in state eductional systems. Before that, the Dept of Educ mostly handled loan programs, student grants and statistical studies. Look at the monthly job stats. Gov't employees have been dropping monthly and private employment increasing.

[blackriver]

Originally Posted by QFIT

OK, one guy knows. Ownership and control of the means of production. Michelle Bachmann claims that Obama turned 50% of the economy into Socialism. The actual number is exactly zero percent. And, he is planning the privitization of space launches. And his jobs plan, which people are calling socialist, calls for jobs banks to be used by private companies to hire workers in the private sector. And the health plan will not only substantially increase private health industries, but will reduce reliance on public hospitals, where the uninsured have to go. And he is reducing No Child Left Behind, that dramtically increased the Dept. of Educ. budget under the previous administration, and for the first time inserted the Fed govt in state eductional systems. Before that, the Dept of Educ mostly handled loan programs, student grants and statistical studies. Look at the monthly job stats. Gov't employees have been dropping monthly and private employment increasing.

keep fighting the good fight. no one is going to admit how you keep crushing them here. just hope the keep repeatig the bs they were told so you can keep correcting them. down the road they may have a change of heart and might be more open minded when someone they do respect (ron paul) starts saying these same things