As I pondered the direction our government had taken over the previous year, I looked at the definition of socialism by typing “define: socialism” into Google. The first definition presented was from Princeton’s wordnet and read as follows: “a political theory advocating state ownership of industry.” The definition feels woefully lacking.
Ownership denotes control, and the state is certainly getting into the business of controlling industry. Our government has exerted control over enterprise via legislative fiat more over the last year than at any other time since FDR’s power-grab during the Great Depression. From the thousands of pages of ObamaCare to the thousands of pages of the Dodd-Frank “financial reform” bill, government power is firmly entrenched in business, and it is expanding. The more regulations the state adds, the more control it exerts. Continue Reading »