benn10
01/29/09, 09:45 AM
So we're reviewing macroeconomic concepts in my econ class. My professor was telling us how the United States was supposedly heading toward socialism. Just wanted to know what everyone else thinks.
His arguments are pretty valid, and he has a PhD in Economics and a bachelors degree in Political Science, what ever that's worth. As the government is becoming more and more involved in our economy trying to "fix" it, they're imposing more and more restrictions on the banking system, and corporate America. An example of this is the auto industry. As the "Big Three" are tied to a fourteen billion dollar loan, and are forced to meet certain standards and quotas.
I agree that whatever the government touches in the economy turns to shit in the long run, (Adam Smith anyone?) but to label it socialism is a bit harsh. What do you think? (and please don't be an asshole, lol)
His arguments are pretty valid, and he has a PhD in Economics and a bachelors degree in Political Science, what ever that's worth. As the government is becoming more and more involved in our economy trying to "fix" it, they're imposing more and more restrictions on the banking system, and corporate America. An example of this is the auto industry. As the "Big Three" are tied to a fourteen billion dollar loan, and are forced to meet certain standards and quotas.
I agree that whatever the government touches in the economy turns to shit in the long run, (Adam Smith anyone?) but to label it socialism is a bit harsh. What do you think? (and please don't be an asshole, lol)