" ...part of what I'm hoping to introduce as the next president is a new ethic of responsibility where we say that if you're laying off workers, the least you can do when you're making $25 million a year is give up some of your compensation and some of your bonuses ... That kind of notion of shared benefits and burdens is something that I think has been lost for too long, and it's something that I'd like to see restored."
"...sometimes when we start talking about taxes, and I say I want a more balanced tax code, people think, well, that's class warfare. No. It turns out that our economy grows best when the benefits of the economy are most widely spread. And that has been true historically."
So how does this all add up? Is Obama an aspiring capitalist, socialist, communist or fascist? Let's review the terms:
- Capitalism: an economic system characterized by private or corporate ownership of capital goods.
- Socialism: a system or condition of society in which the means of production are owned and controlled by the state.
- Communism: a system in which goods are owned in common and are available to all as needed.
- Fascism: Strict regulation and control of the economy through some form of corporatist planning in which the legal forms of private ownership of industry are nominally preserved but in which both workers and capitalists are obliged to submit their plans and objectives to the most detailed state regulation and extensive wage and price controls.
Godwin's Law: As an online discussion grows longer, the probability of a comparison involving Nazis or Hitler approaches 100%.