“Jackie DeAngelis breaks down the differences between capitalism versus socialism,” says Fox Business Network’s (FBN) YouTube page. More to the point, perhaps, is that this FBN video features a panel discussion that begins to unpack the issue of the rise in interest in socialism’s in the U.S.
For those unfamiliar with right-of-center FBN, here’s how they describe themselves. “FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street.”
The screen capture below is a still from the video above. Given the number of candidates that say that they favor ‘Democratic Socialism’ or some variation on that theme, it is a legitimate topic.
What would happen to investments in the U.S., if socialism replaced the right to private property? Do Millennials – or anyone else – want to give up their ownership of smartphones, vehicles, housing – or their right to property?
Ponder what Meriam Webster said is the definition of socialism.
Definition of socialism
1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
2a: a system of society or group living in which there is no private property
b: a system or condition of society in which the means of production are owned and controlled by the state
3: a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done
Socialism is what Nazi Germany and fascist Italy were before and during World War II. To learn more see the related reports, linked below the byline, offers, and notices.
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.
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