written by: admin
3/27/10 Last Updated:
1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.
2a: a system of society or group living in which there is no private property b: a system or condition of society in which the means of production are owned and controlled by the state.
3: a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done. ref
When these intrusions are combined with:
1) the nationalization of GM and Chrysler,
2) the partial nationalization of the banks,
3) the establishment of trillion–dollar taxpayer–funded slush funds (stimulus package and TARP) and
4) the planned 10–year, $10 trillion of further government debt (which steals from our children and grandchildren dollars yet unmade by them to pay foreign debt holders),
the center of gravity of our economy moves from the private sector to the public sector.
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