What does socialism look like in the United States?
The word socialism means “socialism without capitalism.”
The idea is that capitalism is the foundation of society.
The American people have always understood that the best way to create a free society is to create an economy that produces good things, and they have been successful in creating that economy, said Tom Fenton, professor of economics at Dartmouth College and a longtime critic of socialism.
In the 1950s, he said, there was a movement called “socialist” to describe the economic policies of the socialist countries.
But that was an oxymoron, Fenton said, because socialism is a system of control.
It’s the same system that exists today.
“Socialism is not the same thing as capitalism, which is the opposite of capitalism,” he said.
A socialist system is different than a capitalist one, Fentons theory said, in that it is more egalitarian than the dominant economy.
In a socialist system, the goal is to eliminate all inequality, said Fenton.
Socialism has a long history in America, including in the Democratic Party, but Fenton believes that the movement is on the decline.
Many of the major economic problems of the last 30 years have been the result of the policies of government, Fence said.
It was just a matter of time before people realized that, Fencing said.
“They realize the way that the system is rigged against the American people,” he added.
Fentons new book is called The American Dream: The True Story of How America Made the Greatest Revolution in History.
Follow AP economics writer Jill Colvin on Twitter at @jcolvinAP.