- Joined
- Feb 6, 2008
- Messages
- 25,116
- Reaction score
- 7,658
- Location
- Theoretical Physics Lab
- Gender
- Male
- Political Leaning
- Libertarian - Right
sangha said:And, as it has been mentioned several times in this thread, a large portion of the US economy is socialized
People seem to say this a lot and I am not sure why. A command structure designed to allocate for industries with market failures is not socialist. Just because something is a public utility doesn't mean it's owned by the public. It just means that a centralized bureaucracy is required to run it to counterbalance the potential for inefficiency.