World Forum

There's been a lot of loose talk about a New American socialism. That's not just obfuscatory, it's self reinforcing. So I'm going to do my bit to nip this while it's small.

Socialism is a economic and political theory that advocates for government control of means of production. http://www.merriam-webster.com/dictionary/socialism

No politicians are promoting any substantial increase in American socialism.

The error seems to stem from the idea that trying to remedy an economic collapse by giving management of billions of dollars to the very people who created the economic collapse because they mismanaged billions of dollars is Socialism. It's not Socialism unless the government actually gets control of the means of production. They don't have control of means of production- they get next to nothing of value in return- so, whatever it is, it's NOT Socialism.