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Reply to "How do you define Socialism?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Corporate welfare Farmer Subsidies[/quote] There is a pretty clear distinction between welfare programs and socialism. I see many other people in the thread making the mistake. Socialism is the collective ownership of means of production/distribution. Corporate welfare, or other regulations that unfairly benefit corporations, does not result in collective ownership of the corporations and is therefore not socialism. Farm subsidies which either seek to advantage farmers or to make up for some observed disadvantage of farmers do not result in collective ownership of the farms and are therefore not socialism. During the aftermath of the financial crisis, the US "bailed out" a lot of large banks and the US automotive manufacturers by giving "loans secured by equity" - even though the US government tried very hard to only provide stability for the recovery, the fact remains that this action nationalized a portion of these banks and auto manufacturers, resulting in the partial collective ownership of these entities, and was therefore socialism. [/quote] It’s wealth redistribution ... it’s socialism.[/quote]
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