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Communism is when they shoot the former owners of the private industry. Socialism is when they buy-out the owners. Have you guys never heard of the TVA, which took over electric generation and distribution for one-fifth the country in the 1930s and 1940s <br />and still reigns supreme? Or Conrail, for that matter. I will concede, though, that Conrail retained enough of the appurtenences of private industry (trading shares on the NYSE, for example) that it is a poor example of "state socialism." <br /> <br />Urban renewal is when they buy out the poor to subsidize rich corporations. In essence, it's a reverse-welfare giveaway that transfers "rents" from the poor to the rich. It also has a dubious record of rescuing poor areas. There are reasons they were poor to begin with. I don't think there is too much outcry over "eminent domain" to four-lane a highway, but many people are shocked, appalled and angry at the Supreme Court's decision, as am I.
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