American Capitalism is not capitalism. It is a mix of socialism (half of peoples' income is stolen and redistributed by the state) and cronyism (political privilege is granted to some over others)

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[–]mikipika 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Bravo!

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

I don't know if you are poking fun, but many Americans believe the definition of socialism that is actually communist propaganda. That's pretty bad. It needs to be known.

[–]mikipika 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Apologies for any ambiguity. I thought you made your point well and liked the links you provided. I had some economics back in the eighties and agree that the current "definition" of socialism is very much as you say. Newspeak in action. Keep up the good fight!