Republicans seemingly believe that they can gain traction against Obama's proposals by referring to them as being socialist.
We will see whether this strategy is successful, but I'm more interested in whether people understand what the term means, whether it is fact a relevant term to use in the current financial climate, and what the arguments are for and against it.
Here's a brief reading list.
- A critical evaluation from the Library of Economics and Liberty.
- The Wikipedia entry.
- Albert Einstein's Why Socialism.
- Newsweek: We are all Socialists Now.
- Democratic Socialism.
