Socialism, like farenheit, comes in degrees. Sure, a government that nationalizes GM is “more socialist” than one that does not, even if it doesn’t mean we’re living “under socialism.” But differences of degree shouldn’t obscure differences of kind, and as Tim Fernholz says, “it’s clear that putting the government in charge of private production is not the Obama administration’s guiding philosophy.”
If it were, 99.79% of the American corporate assets that existed at the start of the Obama administration would not remain in private hands. The differences of degree are so small that they aren’t worth mentioning. And yet, somehow, they keep getting mentioned.
So while the Obama admin may be “more socialist” than prior admins, it’s certainly not the grand socialist takeover that some on this board like to believe.
