Thursday, April 30, 2009

Remarks on socialism

With the U.S. government taking a majority stake in banks, bossing around the auto industry, and floating the possibility of nationalized healthcare, there have been rumblings in the media that the U.S. is leaning toward socialism.

A new poll suggests that if there's merit to those arguments, many Americans wouldn't mind.

Only a slight majority of American adults believe capitalism is better than socialism, according to the latest Rasmussen Reports national telephone survey.

Asked whether capitalism or socialism is a better system, 53% of American adults cited capitalism, 20% said socialism and 27% said they weren't sure

Read more: http://www.nydailynews.com/news/politics/2009/04/09/2009-04-09_many_americans_prefer_socialism_to_capitalism_a_new_poll_finds.html#ixzz0EDOHbVRY&B


A little late posting this, but I expect this trend to accelerate. Paradoxically, I do not expect large redistribution programs despite the preference for socialism.

This is consistent with previous my analysis.

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