For those of you who want a brief description of economic systems, Neal Boortz has up a good description which I will post here:
* An economic system where both industry and business is owned and controlled by the government ..... Socialism.
* An economic system where industry and business is privately owned, but controlled by the government ..... Fascism.
* An economic system where industry and business is privately owned an privately controlled. .... Free enterprise.
Monday, June 08, 2009
Defining Terms
Posted by CRCHAIR at 10:07 AM
Labels: captialism, fascism, free enterprise, socialism
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1 comment:
So at this point we're somewhere between socialism and fascism - or at least on the way there? Yikes!
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