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In a loose sense it's not entirely bogus: this is what economists call rent seeking, and the payoff for that is all the greater the bigger and more pervasive the government is.

Plus that traditional definition of socialism is mostly historical, direct ownership and equal "access" to the goodies just doesn't work in practice and is ruinous in practice.

So when people talk about "socialism" nowadays, they're talking about a diluted form that's in theory more like traditional socialism (e.g. soft Fabian or hard Communism) than corporatist Fascism (the real Italian variety, not Hitler's National Socialism (vs. Communist International Socialism (e.g. the Comintern))).




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