Yea, that chart was a good find, wasn't it? Now, let's put it into context. For those that missed it, this is what we're talking about. And HercDriver, next time at least post a link to it or attribute its source.
Link to article
The chart is very clean and pretty. It does a fine job of visually showing the percentage of corporate assets nationalized by the government. But what does that mean in regards to socialism? Well, pretty much nothing.
First, even I, who does happen to believe we are on the road to socialism and have been to a great extent since FDR, think it's safe to say that the likelihood of government nationalizing small business is probably very very low. Given that small business constitutes about 43% of total business wealth and 50% of our non farming GDP, the chart that is shown is very misleading. If people think the entire economy needs to be nationalized in order to be deemed socialist, then they need to educate themselves. Socialism is not just about the government controlling the means or amount of production. That is just one component. But, because part of socialism IS controlling the means or amount of production, then a chart showing percentages of GDP is more appropriate. Let's take a look at the following chart, from the same source as the one shown above.
Link to article
So here, we see that government spending as a percentage of GDP is pretty close to 42%. This plus the percentage of GDP contributed by small business comes out to about 90-92%. So we're left with really only 8-10% for the government to get their meat hooks in. That's not a lot of wiggle room and doesn't exactly give me a warm fuzzy, especially with efforts to nationalize health care.
Second, and as alluded to above, socialism consists of various components, or political objectives. According to Marx and Engels, the following measures (or planks) are used to move a country forward in attaining complete socialism.
1. Abolition of property in land and application of all rents of land to public purposes.Check
Examples of this include zoning and land use laws via the Bureau of Land Management, property taxes, and a plethora of environmental causes. The Supreme Court as well as lower courts have interpreted the 14th Amendment to give the government far reaching eminent domain powers.
2. A heavy progressive or graduated income tax.Check
Federal income tax was finally instituted permanently via the 16th Amendment in 1913. Republicans agreed to approve the income tax only if a Constitutional amendment was passed. Although a bluff on the side of the Republicans, the fact remains that we now have a graduated income tax. There is some debate whether this amendment was properly ratified, but that is another argument altogether.
3. Abolition of all right of inheritance.Check
Estate an other inheritance taxes
4. Confiscation of the property of all emigrants and rebels.Check
Government tax liens, seizures, and IRS confiscation of private property without due process
5. Centralization of credit in the hands of the State, by means of a national bank with State capital and an exclusive monopoly.Check
Federal Reserve is such a national bank and controls interest rates
6. Centralization of the means of communication and transport in the hands of the State.Check
FCC, DOT, ICC, FAA, AMTRAK
7. Extension of factories and instruments of production owned by the State; the bringing into cultivation of wastelands, and the improvement of the soil generally in accordance with a common plan.Check
Significant government involvement in agriculture by way of subsidies, acreage alotments, and land-use controls. Department of Agriculture, Department of Commerce and Labor, Department of Interior, Evironmental Protection Agency, Bureau of Land Management, Bureau of Reclamation, Bureau of Mines
8. Equal liability of all to labour. Establishment of industrial armies, especially for agriculture.
9. Combination of agriculture with manufacturing industries; gradual abolition of the distinction between town and country, by a more equal distribution of the population over the country.
10. Free education for all children in public schools. Abolition of children's factory labour in its present form. Combination of education with industrial production, &c., &c. Check
Department of Education established, government control of schools.
Based on these principles and what the U.S. has done thus far to fullfill them, how can anyone deny that we are not at least on the path to socialism? You are either in denial (which I can understand), or you're not paying attention.