Socialism and Risk: Obama Economics

Forbes reports:

Socialists believe that the way to paradise is for governments to own "the means of production." Thus, decades ago even democratic countries such as France and Britain nationalized considerable swathes of their economies to achieve "social justice." That didn't work so well; therefore, since the days of Margaret Thatcher there have been wave after wave of privatizations in Europe and around the world.

Today's neosocialists are smarter than their ancestors. Instead of outright takeovers, they are achieving much the same goal through rigid regulations. ObamaCare is a prime example. Health insurers will eventually be private in name only, as the details of their policies will be dictated by governmental decrees. About the only thing companies will have any autonomy over--perhaps--will be their corporate logo.

Entitlements go hand in hand with sweeping, overbearing regulations. President Obama wants higher education in this country to be free of charge, which is why his Administration is pushing for a government takeover of student lending. With such powers it will be but a wee stretch to intrude even further into the governance of the nation's colleges and universities--including, ultimately, admissions.

A great one from Steve Forbes.