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Ron Paul accurately deems the terminology for President Obama's political structure

...the President and his defenders can easily deflect that charge(socialist) by pointing out that the historical meaning of socialism is government ownership of industry; under the President's policies, industry remains in nominally private hands. Using the more accurate term -- corporatism -- forces the President to defend his policies that increase government control of private industries and expand de facto subsidies to big businesses. This also promotes the understanding that though the current system may not be pure socialism, neither is it free-market since government controls the private sector through taxes, regulations, and subsidies, and has done so for decades.

Using precise terms can prevent future statists from successfully blaming the inevitable failure of their programs on the remnants of the free market that are still allowed to exist. We must not allow the disastrous results of corporatism to be ascribed incorrectly to free market capitalism or used as a justification for more government expansion. Most importantly, we must learn what freedom really is and educate others on how infringements on our economic liberties caused our economic woes in the first place. Government is the problem; it cannot be the solution.
Socialism vs. Corporatism
By Ron Paul
Published 04/27/10 Campaign for Liberty
http://www.campaignforliberty.com/article.php?view=806

Freedom and liberty

Are there limits to our rights? Should there be? Which right should we be willing to forfeit? Which one is not a God given right? Which one really doesn't define our free country? Why do we let our government meddle in God fearing people's lives? Should we give up the right to religious practice? The right of free speech? The right to assemble? The right to privacy? The right to bear arms? Our God how long will we suffer in a land of Baal? I am convinced that, "the Great and Abominable Church," referred to in the Bible is not a recognized religion, but it is "Collective Moral-ism" headed by the media and the United Nations. Congress and the governors of most states are complicit. The congregation are basically nearly the whole world's population. Not too many see where the Holy Bible fits in their lives. How sad that politics has replaced religious tenants. So many claim Christ as their personal savior, but don't believe his words. Are we destined for doom, or are we going to wake up? Our Constitution is a restriction on our government. Why don't we encourage them to see it? Write to your congressman or congresswoman and tell him/her that you will only vote for those who will, not just give lip service to the notion of upholding the Constitution, but will be like Ron Paul and live the Constitutional public life.