Horn
16th February 2020, 07:42 AM
https://mises.org/wire/socialism-brief-taxonomy
From the comments
You have overlooked Obama-Trump socialism. This socialism is based on bailing out incompetent and inefficent corporations that should have been eliminated. This socialism is based on the interest rate cutting by the Fed and the provision of free loans to wealthy financiers dealing with the fictitious economy. This Fed's monetary policy is based essentially on looting depositors' saving which represents the backbone of capitalism.
This socialism is very similar to Stalin's system where prices set by the government and in the USA the interest rate has been determined by the Fed's unelected officials. Under Stalin, the farm products were stolen by the government's forces and in the USA people deposits' returns were looted by the banks. Under both systems Freedom and democracy were killed and the domination of certain classes controlled both systems.
From the comments
You have overlooked Obama-Trump socialism. This socialism is based on bailing out incompetent and inefficent corporations that should have been eliminated. This socialism is based on the interest rate cutting by the Fed and the provision of free loans to wealthy financiers dealing with the fictitious economy. This Fed's monetary policy is based essentially on looting depositors' saving which represents the backbone of capitalism.
This socialism is very similar to Stalin's system where prices set by the government and in the USA the interest rate has been determined by the Fed's unelected officials. Under Stalin, the farm products were stolen by the government's forces and in the USA people deposits' returns were looted by the banks. Under both systems Freedom and democracy were killed and the domination of certain classes controlled both systems.