Capitalist and Socialist Elements of a Competitive Market System

Certainly many who are accustomed to hearing media pundits and politicians pit capitalism against socialism will be reticent to acknowledge that elements of both economic systems have been at play in our competitive market system for most of the time that we have been a nation. This fact is neither readily acknowledged nor publicized simply because our “free press” is predominately owned by corporate moguls who fund our political campaigns - a circumstance solidified by the January 21, 2010 U.S. Supreme Court Decision, Citizens United v. Federal Election Commission. This decision allows for even more corporate spending to insure the election of “corporate candidates” who will undoubtedly continue to allow unfettered corporate acquisition of media outlets. Thus - since you are unlikely to get the truth about anything from mainstream media - you “better recognize” and seek out and subscribe to blogs like mine.

Let me first of all acknowledge that I am neither a capitalist nor a socialist. I am an “inclusion-ist” - a hybrid form of the two. Additionally, I submit that both the American and Chinese competitive market systems are also hybrid, “inclusion-ist” systems. The only difference is that China’s economic system is basically socialist with capitalist elements and ours is basically capitalist with socialist elements. The mixture of capitalist and socialist elements in a competitive market society springs from the knowledge that both are incomplete, standing alone, to provide for the common welfare of an entire citizenry. America realized this long ago and China has come to the realization in the past few decades or so. So the REAL argument has never been one of capitalism versus socialism. The REAL issue has always been, “what is the proper mix of the two”.