Is trump a socialist?

[cwolff]

So what's trumps economic philosophy? He keeps interfering with free markets. He's not technically controlling the means of production but he is controlling distribution and exchange. Is he 2/3's a socialist 1/3 capitalist?

[Parkbandit]

So what's trumps economic philosophy? He keeps interfering with free markets. He's not technically controlling the means of production but he is controlling distribution and exchange. Is he 2/3's a socialist 1/3 capitalist?

You started a whole topic for this?

Your butthurt is epic.

Thank you.

[cwolff]

Trump administration officials are making plans to order grid operators to buy electricity from struggling coal and nuclear plants in an effort to extend their life, a move that could represent an unprecedented intervention into U.S. energy markets.

He's been talking about artificially supporting coal country since he got into the election. I can see a nat'l security value in keeping the industry afloat but am skeptical about his reasoning.

President Trump is imposing steep tariffs on steel and aluminum from three of America's biggest trading partners — Canada, Mexico and the European Union.
The trade penalties, 25% on imported steel and 10% on imported aluminum, take effect at midnight, Commerce Secretary Wilbur Ross told reporters Thursday.

Of course he loves his tariffs too. He also interferes with the media industry constantly promoting specific networks or shows while demonizing others.

[Parkbandit]

He's been talking about artificially supporting coal country since he got into the election. I can see a nat'l security value in keeping the industry afloat but am skeptical about his reasoning.

30% of all electricity comes from coal. Probably a good reason. I don't believe it should be artificially supported though. If there is a cheaper method, then that should be used.

Of course he loves his tariffs too. He also interferes with the media industry constantly promoting specific networks or shows while demonizing others.

He doesn't love tariffs.. he simply wants fair trade with other countries. Why should the US add only 2.5% on autos imported from places like Canada while Canada adds 10%? We've been on the losing side of things for far too long.

Glad President Trump is addressing it.

[Wrathbringer]

You started a whole topic for this?

Your butthurt is epic.

Thank you.

This is correct.

[Taernath]

Interfering in free markets doesn't make you a socialist and protectionism isn't inherently capitalist. Most/all major world economies are a varying mix of free markets and command. Even Venezuela has something like >70% of its economy in the private sector.

Trump could also just be a monkey* pressing buttons.

*

[time4fun]

Socialism just means the government owns some or all of the means of production. So when the State owns the oil companies, the textile mills, the mines, etc. (Note: Pure Socialism is as unheard of as pure capitalism- Bolsheviks nonwithstanding)

Capitalism is an economic system where people own the product of someone else's work.

Markets exist in both systems, and they can be heavily regulated (or not) in both systems.

[Wrathbringer]

Socialism just means the government owns some or all of the means of production. So when the State owns the oil companies, the textile mills, the mines, etc.

Capitalism is an economic system where people own the product of someone else's work.

Markets exist in both systems, and they can be heavily regulated (or not) in both systems.

Go away.

[Methais]

So what's trumps economic philosophy? He keeps interfering with free markets. He's not technically controlling the means of production but he is controlling distribution and exchange. Is he 2/3's a socialist 1/3 capitalist?

chronicbutthurtwolff is now officially the most butthurt person currently on the PC, possibly in PC history.

[Parkbandit]

Socialism just means the government owns some or all of the means of production. So when the State owns the oil companies, the textile mills, the mines, etc. (Note: Pure Socialism is as unheard of as pure capitalism- Bolsheviks nonwithstanding)

Capitalism is an economic system where people own the product of someone else's work.

Markets exist in both systems, and they can be heavily regulated (or not) in both systems.

In before you let everyone know how knowledgeable you are about this subject because you have an economics degree, a relative who is a socialist so you know best or how you saved people from a socialist building and later cried in the car.