Yup. "Socialism" means financial collapse, according to the Viscount Monckton of Brenchley, Christopher Monckton.
Well, maybe not. Sweden, Norway, and other nations are among the most stable and most advanced countries in the world and operate on a "socialistic" financial system.
Maybe Viscount Monckton doesn't know what the hell he's talking about. For example, he says of his beloved England:
"Every Labor government there has ever been from 1926 to the present day has always ended in exactly the same way because they essentially try to run a communist financial system."
Huh? Someone please explain to the Viscount the difference between apples and oranges. Communism and democracy are political systems. Socialism and capitalism are economic systems.
Thus, a democracy like Sweden may operate very well under a socialistic economic system. In the United States we have had a partially socialist system for years. Public schools are socialistic. The U.S. Post Office is socialistic. Social Security, Medicare and Medicaid might be termed socialistic.
Socialism is not necessarily bad, nor is capitalism necessarily good. In fact, recently we have seen just how bad free-market, unregulated capitalism can be! Thus, the government has had to step in and enact "socialistic" measures to keep the economy from collapsing. And, the funny thing, good ol' not-so-conservative George W. Bush is the one who did it!
To people like Viscount Monckton, however, reality, reason and truth seldom make an impression. Thus, he pontificates that the United States will surely collapse if it falls prey to "socialism."
Monckton is worried about Obama. He's afraid Obama is going to "redistribute the wealth," and the poor folks might get a chunk of it. My God, dontcha know "redistribution of the wealth" only works when it's redistributed into the greedy hands of the rich?
Been there, done that. We're in a terrible mess right now, not because of socialism, but because of unfettered, free-market capitalism and an insane redistribution of the country's wealth to the very rich through a system of misguided tax cuts by the Bush administration!
Mr. Monckton is a gasbag who ought to head back to his estate and contemplate chasing the foxes instead long-deceased conservative fantasies about the evils of socialism.
(Monckton is also a "journalist," a failed politician, a Roman Catholic, an amateur scientiest, and a global-warming denier. He is very rich. No wonder he doesn't like socialism. If there's wealth to be redistributed, he wants it!)