This question cannot be ignored.  With the government’s impending $700 billion bailout of U.S. financial institutions, we should review a few critical facts that reflect the state of our economy and our society.

The dictionary defines the word “socialism” as “any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.”

Now let’s look at the following facts:

  • The federal government now owns 80% of AIG, the worlds largest insurer.
  • The federal government owns and controls our retirement system (Social Security).
  • The federal government owns and controls the healthcare system for the elderly.
  • The federal government owns the majority of our mortgage industry.

Furthermore, if Barack Obama is elected, we may have further nationalization of healthcare, energy production, and corporate production, among other things.

As the government further intrudes into our free market, are we moving towards a more socialist society?  I know it’s far-fetched to think such a thing, but one cannot deny the facts listed above. 

What do you think?  Do you think, as we head towards more nationalization (whether directly or indirectly), that the United States is becoming more socialist?

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