No. At least not in the classic sense of the term. "Socialism" originally meant government ownership of the major means of production and finance, such as land, coal mines, steel mills, automobile factories, and banks.Be sure to read the rest of his explanation.
Wednesday, November 5, 2008
‘Is Obama a Socialist?’
Donald J. Boudreaux talks with his usually clarity and insight on weather or not Obama is a “Socialist.” His answer:
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Obama may not be a socialist, but he's definitely someone who believes in statism. Obama may not want the government to own everything, but he definitely wants the government to have control. And what's the point in owning something that you don't control?
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