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Originally Posted by RomaGoth
Very true. I haven't kept up with things, has GM been set free yet, or are we all still stockholders for our government owned automobile company?
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It's only "similar" to socialism if the government uses its ownership to direct the day-to-day activities of the company. Which the Obama Administration has not done and, in fact, about which Obama himself has said he is "not interested in running a car company".
It's completely unrelated to Communism in which the workers themselves (theoretically) own the means of production. All production - across all industries.