28 March 2010


Pop Quiz hot shots,

Given the events since Obama was elected, out of the four different systems listed below which do feel most exemplifies Obama's governing style?

You can chose more then one, and be honest after you read the entries the answer becomes quite self evident.

Time starts now.........

Main Entry: cap·i·tal·ism

Pronunciation: \ˈka-pə-tə-ˌliz-əm, ˈkap-tə-, British also kə-ˈpi-tə-\

Function: noun

Date: 1877

: an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market

Main Entry: com·mu·nism

Pronunciation: \ˈkäm-yə-ˌni-zəm, -yü-\

Function: noun

Etymology: French communisme, from commun common

Date: 1840

1 a : a theory advocating elimination of private property b : a system in which goods are owned in common and are available to all as needed

2 capitalized a : a doctrine based on revolutionary Marxian socialism and Marxism-Leninism that was the official ideology of the Union of Soviet Socialist Republics b : a totalitarian system of government in which a single authoritarian party controls state-owned means of production c : a final stage of society in Marxist theory in which the state has withered away and economic goods are distributed equitably d : communist systems collectively

Main Entry: so·cial·ism

Pronunciation: \ˈsō-shə-ˌli-zəm\

Function: noun

Date: 1837

1 : any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods

2 a : a system of society or group living in which there is no private property b : a system or condition of society in which the means of production are owned and controlled by the state

3 : a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done

Main Entry: Marx·ism

Pronunciation: \ˈmärk-ˌsi-zəm\

Function: noun

Date: 1887

: the political, economic, and social principles and policies advocated by Marx; especially : a theory and practice of socialism including the labor theory of value, dialectical materialism, the class struggle, and dictatorship of the proletariat until the establishment of a classless society

— Marx·ist \-sist\ noun or adjective

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