| mrstickball said: What's interesting about the argument is that the trailer has Michael Moore going to the banks that got the bailout money, and requested it back for the tax payers. That's not socialism, that's capitalism - removing the social bailouts from the greedy banks. |
Socialism is the equitable distribution of resources, whereas what the American government did was targeted towards one group of indivividuals, namely businesses and corporations. Thats not socialism, thats fascism or corporatism. I've always thought of facism and corporatism as the same, and even though one could argue that there are differences, the term applies to practices of Fascist Germany and Italy.
Corporatism - the organization of a society into industrial and professional corporations serving as organs of political representation and exercising control over persons and activities within their jurisdiction.
http://www.merriam-webster.com/dictionary/corporatism
Corporatism - of or pertaining to a political system under which the principal economic functions, as banking, industry, or labor, are organized as corporate unities.
http://dictionary.reference.com/browse/corporative
I like the second definition better...
