MrRodgers
Posts: 10542
Joined: 7/30/2005 Status: offline
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quote:
ORIGINAL: thompsonx quote:
Socialism defined: is govt. ownership of the means of production and that requires a majority ownership to fit. Almost all of these all these answers are incorrect as the govt. Only 'owns' Fannie, Freddie, because the govt. assumed their debt (receivership in bankruotcy...in effect) to the benefit of investors. The treas. never received any profits from them and are described as GSE Govt. sponsored enterprises and in fact socialized (subsidized by guarantee) mortgage investment called warehousing which is what they were and still are. If they are socialism, it is socialism for the rich like TARP. Amtrak is one service that the govt. owns and not much else as owning TVA, a utility and under the same market benefits and burdens as any local utility...is also NOT socialism. Who competes against "local utility"? It is a government monopoly. That is socialism. It is not private enterprise. It is not free enterprise since who is allowed to compete? quote:
Govt. agencies are not socialism, govt. sponsor does mean socialism. There exists almost NO socialism in the US as defined. Farming, banking, wall street, ethanol, crops, oil...now there's your socialism. I have read this through a few times and each time it comes out as self contradictory. Wanna try again???? There exists very little govt. involvement in local utilities called natural monopolies that are in fact privately owned, NOT owned by any govt. at least not a single utility of which I am aware, excepting the feds and only a very few there. Govt. regulates rates and mostly rules pertaining to delivery and safety. Govt. guarantees a minimum return on investment and that investment is private...hence NOT socialism. The only money any govt. enjoys from utilities, comes from taxes. Govt. sponsored does NOT mean socialism, unless we use socialism of profits. Govt. sponsored means in actuality...govt. guaranteed profits for PRIVATE investors. With the American govt. or any govt. needing to own outright the means of production being the requirement for the real definition and only recently and partially, America is essentially 99% socialism free...except of course our 'socialism' for the rich and the corporate world and of course, profits, the reason we all exist. BUT, govt. 'socializes' i.e., puts on the backs of taxpayers much of the risk in many markets. Agriculture being a huge $20 billion/yr direct payment or price support for commodities whether or not the marketplace chooses them. Add to that ethanol, TARP is the socializing of wall street risk and there will be a TARP II, for more 'socialism' for the rich. Direct subsidies, subsidize profits and represents the laregst share of corporate welfare. Now there is your socialism...look at the capitalist and most are the richest socialists on the planet. Kinkroids, if we are going to use the words and unlike the lying, political whores American domocracy 'enjoys' then we are stuck with one definition...socialism is 'the govt. ownership of the means of production.' That's it, you have no choice are not allowed to embellish the definition for your argument or political disposition.
< Message edited by MrRodgers -- 7/23/2012 4:52:53 PM >
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