Webster’s dictionary defines “socialism” as any of various systems in which the means of producing goods are publicly owned, with all people sharing in the work and the goods produced. What that in fact means is that whoever controls the government owns everything.
Hitler’s National Socialism in Germany and Mussolini’s fascism in Italy left ownership in private hands while totally controlling operations in the 1930s and early 1940s. Many of our modern socialists are strong advocates for the sharing of goods produced while leaving the sharing of work to others.
In President Eisenhower’s book “Waging Peace,” about his second term; he discusses term limits for political office at the federal level as a possible solution to problems created by entrenched career politicians. In David Stockman’s “The Corruption of Capitalism in America,” published 48 years later, Stockman makes the same point.
It seems to me that we’re gradually moving from Lincoln’s government of the people, by the people, for the people, to government of career politicians, by politicians, for politicians. The special problems of the current federal system is the gradual destruction of our once-sound as a dollar monetary system. The pre-1971 Gold Standard dollar is now worth a nickel with no end in sight.