Socialism and the Meaning of Investment by Government

August 6, 2012 03:17


Obama has merely accelerated our civilization-ending march toward a predominantly socialist system. – Capitalism Magazine

 

 

By   at Capitalism Magazine


EXCERPTS:

… are Obama’s actual policies as socialist as his socialist rhetoric? The answer is yes, ….

 

… since the growth of the welfare state over the past century, only a small percentage of government spending is for services such as these. Consider these categories of combined annual U.S. federal, state, and local spending:

      Transportation: $293 billion

 

      Water supply: $70 billion

 

      Police: $127 billion

 

      Fire protection: $41 billion

 

      Law courts: $66 billion

 

    Prisons: $83 billion

In contrast, consider these much higher expenditures in other categories:

      Health Care: $1,080 billion

 

      Education: $941 billion

 

      Other ‘Welfare’: $679 billion

 

      Pensions (mainly Social Security): $1,017 billion

 

      Defense: $903 billion

 

      Interest on debt: $330 billion


When Obama speaks of the government ‘investing’, he is of course perverting the meaning of the word; he is really spending wealth confiscated from others.

 

… the government—in keeping with the fascist version of socialism—expects in effect to own the majority of ‘voting stock’ in the ‘business’ of your life, deciding what you must or must not produce or buy, whom you must hire or fire or work for, to whom you must sell, where you must and must not be located, and what methods of production you must and must not use. That is, it is ‘society’, not you, that owns your productive life.

FULL ARTICLE



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