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• n  an economic system based on state ownership of capital

• socialism

• capitalism

News & Articles

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• Our Readers' Views: America has a mixed economy
  To the Editor: Mr. Smittenaar’s absolutist rant about socialism on Nov. 23 misses the mark. The American economy is not a socialist economy, but rather a mixed economy. Most nations use a mixed economy rather than an absolute market driven economy or an absolute government planned economy. A mixed economy is one in which both the private sector and government direct the various means of ...
  Nov. 24, 2013 - The Sierra Vista Herald
• Living the Good Life in “Socialist” Norway
  Norway does NOT have a socialist economy, but Americans are brainwashed by conservative talking points into thinking that the liberal model of capitalism practiced in Norway is actually “socialism.” Socialism means that the government owns and operates all of the productive facilities of the economy. In “totalitarian socialism” (communism) one party holds a monopoly of […]
  Nov. 21, 2013 - CQ Politics Blogs