Marxism vs Capitalism – Which side is Obama on?

Definition of Marxism from Websters: http://www.merriam-webster.com/dictionary/marxism

Ideology and socioeconomic theory developed by Karl Marx and Friedrich Engels. Iit holds that all people are entitled to enjoy the fruits of their labour but are prevented from doing so in a capitalist economic system, which divides society into two classes: nonowning workers and nonworking owners. Marx called the resulting situation “alienation,” and he said that when the workers repossessed the fruits of their labour, alienation would be overcome and class divisions would cease. The Marxist theory of history posits class struggle as history’s driving force, and it sees capitalism as the most recent and most critical historical stage—most critical because at this stage the proletariat will at last arise united.

Definition of Capitalism from Websters:  http://www.merriam-webster.com/dictionary/capitalism

Economic system in which most of the means of production are privately owned, and production is guided and income distributed largely through the operation of markets. Capitalism has been dominant in the Western world since the end of mercantilism.   Unlike earlier systems, capitalism used the excess of production over consumption to enlarge productive capacity rather than investing it in economically unproductive enterprises such as palaces or cathedrals. The ideology of classical capitalism was expressed in Adam Smith‘s Wealth of Nations (1776), and Smith’s free-market theories were widely adopted in the 19th century.

Which is Obama?  You decide –

President Obama:

“what drags our entire economy down” is when”the gap between those at the very, very top and everybody else keeps growing wider and wider and wider and wider.”

“In this country, prosperity has never trickled down from the wealthy few,” Obama said. “Prosperity has always come from the bottom up, from a strong and growing middle class.”

if you’ve been successful, you didn’t get there on your own.  You didn’t get there on your own.  I’m always struck by people who think, well, it must be because I was just so smart.  There are a lot of smart people out there.  It must be because I worked harder than everybody else.  Let me tell you something – there are a whole bunch of hardworking people out there.

If you were successful, somebody along the line gave you some help.  There was a great teacher somewhere in your life.  Somebody helped to create this unbelievable American system that we have that allowed you to thrive.  Somebody invested in roads and bridges.  If you’ve got a business. you didn’t build that.  Somebody else made that happen.  The Internet didn’t get invented on its own.  Government research created the Internet so that all the companies could make money off the Internet.

The point is, is that when we succeed, we succeed because of our individual initiative, but also because we do things together.

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