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I didn't know the Republicans loved socialism so much!
They've been nationalizing stuff like Fidel Castro on a Don Quixote kick...
As far as my non-economist pea-brain can comprehend, the difference is something like this: under socialism the state takes over companies that are profitable, while under capitalism we get to take over firms that are failing. Lucky us.
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/16/AR2008091602174_pf.html
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