Socialism or Communism

[Burning Petard]

So is this socialism or communism? Perhaps Liberty can explain it to me.

Headlines from the NY Time today:

"$10 Billion and Counting: Trump Administration Snaps Up Stakes in Private Firms
The Trump administration is trading billions of dollars of taxpayer money for ownership stakes in companies. The unusual practice shows no sign of slowing."

So this is what the spirits of Ronnie Raygun and Barry Goldwater have produced. No matter. The price of eggs has gone down.

snailgate.

[datsunaholic]

Neither. It's Dirigism.

[Big RR]

Po-tay-to/Po-tah-to

Face it, when the government owns and/or controls the means of production it's--"if it walks like a duck...", no matter what you call it. And when you have an ass like Trump at the helm it's totalitarianism--but a "stable genius' can handle the strain.

[MajGenl.Meade]

I don't know what this means for the Tangerine Mussolini but . . .

In August, the Department of Commerce became the largest shareholder in US chips giant Intel. NYT cited a public filing which showed that after the government deal, Donald Trump personally purchased around $1-5 million of Intel's corporate debt.

https://www.livemint.com/companies/news ... 77066.html

[Big RR]

I guess he figures the government has too much invested to permit it to fail or fall into bankruptcy, so he has a virtual guarantee of payment.

[liberty]

Socialism is an economic system in which the government owns, operates, or controls segments of the economy, such as Social Security in our country, which I approve of. State communism, on the other hand, was, and still is to some extent, a totalitarian form of socialism. I do not consider present‑day China to be a communist system; they more closely resemble Nazi Germany in the 1930s, though not in all aspects, of course.