Richardcyoung.com

The Online Home of Author and Investor, Dick Young

Big Government Is Bad

By

Cato Institute Senior Fellow, Dan Mitchell

The Cato Institute’s Dan Mitchell looks at Nazism, Communism, Socialism and the big-spending interventionist policies of Barack Obama.

Is Obama a socialist?

If you’re asking whether he’s a big-spending interventionist, the answer is yes.

But if you’re asking whether the President believes in government ownership of the means of production (which is the defining issue in the socialist economic platform), the answer is no (though the White House surely won’t like how Thomas Sowell describes Obama’s ideology).

But I generally don’t care about these word fights. Big government is bad because it hurts people and relies on coercion, and that’s true whether we’re talking about socialism, communism, Nazism, corporatism, or other forms of statism.

But I do care for historical accuracy and honesty.

Writing for the U.K.-based Telegraph, Dan Hannan of the European Parliamentexplains that the German National Socialists of the Hitler era were….well, socialists.

Goebbels never doubted that he was a socialist. He understood Nazism to be a better and more plausible form of socialism than that propagated by Lenin. Instead of spreading itself across different nations, it would operate within the unit of the Volk. So total is the cultural victory of the modern Left that the merely to recount this fact is jarring.

The following two tabs change content below.

Richard C. Young

Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.