On socialism, corporatism and Democratic-Republican party government

Poli-tea dissects the absurdity of right-wing attacks on Obama as being socialist, when in reality he’s not even a liberal, citing Ron Paul rightfully saying Obama is a corporatist.

In socialism, the government owns the means of production. That’s not what has been happening here. Rather, the government has buttressed and financed corporate interests to the detriment of the rest of us. There’s nothing even slightly socialist about that.