President Trump promises that we will never become a socialist country. Agreed if; “total collective government ownership and administration of the means of production” is his meaning. However, resurrecting “red scare” visions of our country succumbing to a failed economic system is as likely as a zombie apocalypse.
There is competitive versus monopoly capitalism. Social democracy is capitalism. Capitalism can be fascist. Russia and China like capitalism safe for autocrats. What is your favorite?
The word “social” is emphasized to pretend that we will become Cuba. The long-term agenda around that discussion, by pure capitalists and Mitch McConnell, is to eliminate Social Security, Medicare and Medicaid.
No major presidential candidate wants to eliminate private ownership and enterprise. They might be better labeled “society sensitive.” They propose programs to balance opportunities in reaction to pure capitalists’ power-driven excess.
Owned by the federal government, the Tennessee Valley Authority is a poster child of socialism. Southerners, normally opposed to socialist programs, said “no” to President Obama when he suggested privatizing the TVA. It did not suit their political and regional economic purpose. So, socialism is OK when it benefits the very powerful?
Conservatives and wealthy elites traditionally protest against deficit spending, but when it comes to revenue-depleting tax cuts, they do not demand spending cuts that threaten their investment portfolios.
Taxpayers bailed out big banks. If that was not socialism, at the very least, free markets became meaningless. The general pubic took a financial beating yet bank executives reaped handsome bonuses with the taxpayer rescue.
Israel and other Western countries have universal health care, mandatory military service, welfare, public housing, public schools, libraries and free universities. Surprise! Private ownership and enterprise thrive.
Explore, stay open minded and know when the “socialism scare” is a dishonest attempt to vilify a more inclusive capitalism.