wbmw, money evaporates when government transfers it from one source to another, because this requires legions of inefficient bureaucrats and red tape. Economist Arthur Okun labeled this phenomenon the “leaky bucket” principle, and it applies whenever government redistributes money from private sources to uses chosen by Congress. Efficiency tends to decline quite markedly as government gets bigger. On average, for every 10 percentage point increase in government's share of GDP, efficiency declines by 15-20%... The word, socialism is tossed around but it's meaning has been lost. The only way to have true socialism is with total government dictate over the citizens because a large segment of society will not willingly co op their labor to 'the greater good'. Only small homogenious nations like Sweden can manage majority socialism without dictatorship. http://composite-ndicators.jrc.ec.europa.eu/Document/ecbwp242.pdf
Capitalism: The means of production owned by the individual and the individual dictates its use. Socialism: The means of production owned by the government and the government dictates its use. Fascism: The means of production owned by the individual and the government dictates its use. Communism: The means of production owned by the group and the group dictates its use.
The U.S. began with capitalism but, good or bad, has morphed into a mix of C - S - F ... Blame to go around, this mix has brought us to this precarious 2010 situation of imbalance and uncertainty.
In the next 3 or 7 years it would be hard to imagine President Obama, himself would present a threat of dictatorship, but the consipracy theory fanatics would say some of his friends, like George Soros have plans for the aftermath of this secular economic meltdown.