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→Barack Obama and his socialistic and "fascist light" policies
[[Anita Dunn]], the political strategist and former White House Communications Director, admitted that one of favorite political philosophers, one that she “turns to the most”, is [[Mao Zedong]], the [[communism|communist]] dictator responsible for the starvation, torture, and killing of 70 million Chinese.<ref>http://www.orthodoxytoday.org/blog/2009/10/16/anita-dunn-favorite-philosopher-mao-tse-tung/</ref>
[[Anita Dunn]], the political strategist and former White House Communications Director, admitted that one of favorite political philosophers, one that she “turns to the most”, is [[Mao Zedong]], the [[communism|communist]] dictator responsible for the starvation, torture, and killing of 70 million Chinese.<ref>http://www.orthodoxytoday.org/blog/2009/10/16/anita-dunn-favorite-philosopher-mao-tse-tung/</ref>
Critics of the Obama administration have coined the word "[[Obamunism]]" to describe Barack Obama's socialistic and "[[fascism]] light" [[economic planning]] policies ([[Benito Mussolini]] defined fascism as the wedding of state and corporate powers. Accordingly, trend forecaster [[Gerald Celente]] labels [[Obama administration corporate bailouts|Obama's corporate bailouts]] as being "fascism light" in nature).<ref>http://www.thebigmoney.com/articles/daily-intel/2009/07/20/obamunism-inc</ref><ref>http://www.smallbusinessadvocate.com/small-business-interviews/gerald-celente-6944</ref> Obamunism can also allude to Obama's [[Obama administration fiscal policy|ruinous fiscal policies]] and [[Obama administration monetary policy|reckless monetary policies]].<ref>http://seekingalpha.com/article/120883-monetary-policynot-obama-s-stimulusis-what-needs-watching</ref><ref>http://www.nypost.com/seven/05172009/postopinion/editorials/bams_wise_words_169731.htm</ref><ref>http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/</ref>
Critics of the Obama administration have coined the word "[[Obamunism]]" to describe Barack Obama's socialistic and "[[fascism]] light" [[economic planning]] policies ([[Benito Mussolini]] defined fascism as the wedding of state and corporate powers. Accordingly, trend forecaster [[Gerald Celente]] labels [[Obama administration corporate bailouts|Obama's corporate bailouts]] as being "fascism light" in nature).<ref>http://www.thebigmoney.com/articles/daily-intel/2009/07/20/obamunism-inc</ref><ref>http://www.smallbusinessadvocate.com/small-business-interviews/gerald-celente-6944</ref> Obamunism can also allude to Obama's [[Obama administration fiscal policy|ruinous fiscal policies]] and [[Obama administration monetary policy|reckless monetary policies]].<ref>http://seekingalpha.com/article/120883-monetary-policynot-obama-s-stimulusis-what-needs-watching</ref><ref>http://www.nypost.com/seven/05172009/postopinion/editorials/bams_wise_words_169731.htm</ref><ref>http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/</ref>
=== Larry Summers and Leftist Economics ===
George Gerald Reisman, Professor Emeritus of Economics at [[Pepperdine University]] and author of Capitalism: A Treatise on Economics, wrote that Summers socialistic ideas on redistributing wealth demonstrate that Summers is a "lightweight leftist" who "fails to understand the nature of the most essential feature of capitalism, namely, private ownership of the means of production and the indispensable role it plays in the standard of living of the average person."<ref>http://blog.mises.org/archives/009031.asp</ref> Reisman also wrote that Summers is a shallow and ignorant man whose knowledge of economics is minimal and whose evil views qualify him to be the economic advisor to [[Hugo Chavez]] of [[Venezuela]] or [[Robert Mugabe]] of [[Zimbabwe]], but do not qualify him to be an economic advisor to the President of the United States.<ref>http://blog.mises.org/archives/009031.asp</ref>
== Influence of Russia on socialism ==
== Influence of Russia on socialism ==