And that, my friend, is not free-market capitalism. It is crony capitalism ... the same as that practiced by the Robber Barons of a century ago and before. An interesting point in our history, if you want to know about crony capitalism, was during the period when the railroads were being built.
- "Frank says most high school kids don't know when the government is taking advantage of them. Yet Frank apparently doesn't realize that the government is taking advantage of all of us when they take money from us and give it to hedge fund magnates and investment bank CEO's while those corporate titans pay NO income tax."
When the free market has only the illusion of private ownership, with strict, dictatorial government control, it is indeed "socialism." It is the type of socialism known as fascism, and it was touted by both FDR and Churchill as a viable way to run a country. Both men are on record lauding the fascist system in Mussolini's Italy in the 1930s. Before FDR, it was Woodrow Wilson. Study the history of the 16th and 17th Amendments to the Constitution for some interesting answers.
Frank