There are many variations of the definition of Socialism, but this one seems to capture the type of U.S. Socialism that's being proposed and implemented today.
A political philosophy advocating substantial public involvement, through government ownership, in the means of production and distribution.
It seems ironic that the andidote to unbridled capitalism – one where most of the wealth is distributed to corporations and the super-rich, and regulation is sparse and unenforced – is its mortal enemy. If there's something we've learned in this crisis, it's that if Capitalism fails, Socialism will be there to pick up the pieces. At least until Capitalism can get back on its feet and then look at Socialism to tell it, "I never knew you."
Socialism seems like the sweet grandparent or gullible parent that does everything for their child, only to have their Capitalist child spit in their face every time they reach a point of not needing them anymore.
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Kerry Lauerman
J.D. Noir
Sandra Stephens
Thomas Rogers
bbd
Joan Walsh
Salon.com
Comments
This is basically the argument of many historians about FDR's policies in the Great Depression. Hardline Communists of the era hated FDR since he prevented capitalism from reaching it's final stage of "inherent contradictions" or whatever the proper term is. (It's been a long time since I was up late arguing with the Spartacist Youth League and their fellow travelers).