Original Poster said:
We have a goddamn socialist as our president with a healthcare bill fucking up the healthcare system and economic policies thats downright socialism interfering with the free market.
Sigh...I should give up on trying to explain to the world what socialism is. But I have personality flaws, so...
Socialism: as system of economics where production and distribution are organized collaboratively.
Few economic interventions by the state operate within such a framework. Indeed, the state's 'socialist' policies aim specifically to stabilize capitalist economies.
finalrest said:
It still comes down to the quality of leadership and the character of those who call the shots and are employed in these institutions.
While 'good leadership' is to be desired (arguing against it would be like adopting an 'anti-competence stance' or something

), even potentially good leaders face institutional constraints which force debilitating concessions to power-elites, the latter playing a role in structuring such institutions. What is more, this prevailing framework of institutions comes to shape these leaders' dispositions, actions, and identities, corruptingly constructing 'good leadership' as a mere facade, opening the door to demagoguery.
droppers said:
Because unlike the government self regulating markets bring 0 cost and are relatively efficient.
I'm not sure, exactly, what you mean by "bring 0 cost". I find it useful to approach political economy in terms of inquiry into how society distributes power in organizing how we labor interdependently, and then how society allocates the spoils of this labor. From this perspective, the question is, how we can most efficiently and justly organize social laboring in varying, interconnected domains?
Thus, we incur potential 'costs' when organizing production and distribution unjustly and/or inefficiently. How can we assume a priori that self-regulating markets achieve maximal efficiency and justice in all domains? To claim that markets 'cost nothing' implies this assumption. But markets themselves fail to produce conceptions of justice desirable ends, implying that we can't assume them to perform optimally.
One might argue that producers and consumers decide such within markets, but to do so ignores how institutions and markets shape the behavior and even desire of actors within them.
ebola