It sounds startling, especially with all the voices calling him a socialist—but in one way, at least, that’s actually correct, as Thomas Sowell points out:
Socialists believe in government ownership of the means of production. Fascists believed in government control of privately owned businesses, which is much more the style of this government. That way, politicians can intervene whenever they feel like it and then, when their interventions turn out badly, summon executives from the private sector before Congress and denounce them on nationwide television.
It’s a great piece; Dr. Sowell covers a number of topics in his inimitable way, putting his own spin on the standard “notes” column, and it’s well worth your time to read the whole thing. Here’s another excerpt to encourage you to do so:
Barack Obama seems determined to repeat every disastrous mistake of the 1930s, at home and abroad. He has already repeated Herbert Hoover’s policy of raising taxes on high income earners, FDR’s policy of trying to micro-manage the economy and Neville Chamberlain’s policy of seeking dialogues with hostile nations while downplaying the dangers they represent. . . .
Barack Obama’s favorable reception during his tour in Europe may be the most enthusiastic international acclaim for a democratic government leader since Neville Chamberlain returned from Munich in 1938, proclaiming “peace in our time.”
Frightening thought, that.