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Socialism is actually an economic concept not a form of government just as Capitalism isn't our form of government, but Republic is. Socialism means pooling res

Socialism is actually an economic concept not a form of government just as Capitalism isn't our form of government, but Republic is. Socialism means pooling resources to get shared commodities for instance: Public roads and Firehouses are socialist programs as is Medicare/Medicaid and single-payer healthcare. I think you're thinking more of Fascism: Definition: Fascism is a way of ruling that advocates total control of the people. ... Fascism comes from the Latin fascio, meaning “bundle, or political group.” In fascism, the people are looked at as a bundle — one body that must be controlled by the government with absolute force.

boomboomsubban 9y ago
It would be an authoritarian plutocracy. Power is held in the hands of a small group of super rich. Fascism isn't a form of government either, it was the name of Mussolini's party which has since been applied to any authoritarian or nationalist movement.
- valuearb 9y ago
  All socialist governments are plutocracies. Witness Venezuala where Chavez divvied up the economy and gave all the pieces to his closest friends. Those in power always enrich themselves just as Putin and his cronies have.
  - boomboomsubban 9y ago
    Even if true, which I don't believe, your own reply points out the problem. Russia isn't socialist country, and pre-socialist Venezuela had a similar rate of corruption. Not all plutocracies are socialist.
valuearb 9y ago
There is a reason german fascists named their movement National Socialism. Socialism is an economic concept that requires government control for it to be implemented. Socialism is a pre-existing requirement to create a Fascist regime. You might think the US is far from that, but right now we are spending 36% of our GDP on federal, state and local government , and the remaining 64% is heavily regulated and controlled by the government. In fact, you can argue that the federal government already "owns" over 1/3 of all private businesses given it's right to 35% of all their profits.

boomboomsubban 9y ago

It would be an authoritarian plutocracy. Power is held in the hands of a small group of super rich. Fascism isn't a form of government either, it was the name of Mussolini's party which has since been applied to any authoritarian or nationalist movement.

valuearb 9y ago
All socialist governments are plutocracies. Witness Venezuala where Chavez divvied up the economy and gave all the pieces to his closest friends. Those in power always enrich themselves just as Putin and his cronies have.
- boomboomsubban 9y ago
  Even if true, which I don't believe, your own reply points out the problem. Russia isn't socialist country, and pre-socialist Venezuela had a similar rate of corruption. Not all plutocracies are socialist.

valuearb 9y ago

There is a reason german fascists named their movement National Socialism. Socialism is an economic concept that requires government control for it to be implemented. Socialism is a pre-existing requirement to create a Fascist regime. You might think the US is far from that, but right now we are spending 36% of our GDP on federal, state and local government , and the remaining 64% is heavily regulated and controlled by the government. In fact, you can argue that the federal government already "owns" over 1/3 of all private businesses given it's right to 35% of all their profits.