This article entitled its not about socialism, its about rescuing capitalism was written by a man named Harold Meyerson who writes for the washigton post. The article was written for a general audience and for people who might not know about the difference between capitalism and socialism. Capitalism is an economic system in which wealth is attained by the means of privately owned businesses rather than comonly or publically state owned businesses. This article was also written as the title of the aarticle says to ensure people that it is about rescuing the smaller businesses and not so much about the bigger businesses.
In the article the author points out that various politicians and news organizations have declared that "we are all socialist now" this was declared by newsweek added mike huckabee we are creating socialst republics. he also points out that " it is striking that their is an absence of advocates of socialism" and also makes a reference to the capitalist crisis of the 1930's when socialist and comunist spoke of nationalizing all major industries and getting rid of all the private markets and the wage system. the author also says that obama is creating a more socially competitive capitalism. it is clear in reading this article that the author wants the reader to understand that obama is trying to do what he feels is right for the country and tells the audience that obama is making our capitalism more like europes overall i thought this was a very informative article about capitalism verses socialism.
