[LinnieBeth]

Capitalism = Private ownership of produce & Production
Fascism = Private ownership of produce, controlled by regulation and tariff
Socialism = Blend of private & state ownership of produce, proceeds distributed primarily by State through populace.
Communism = State ownership, State distribution of produce/production

I'd say still in facsism moving toward socialism.

Note: Weabster's Unabridged defines Fascism as stated above, with or without a dictator. All above definitions are "Economic" terms.

[John SBM]

Good points! I say we are in a Fabian Socialist period because of the increasing redistribution of wealth.

[PatrioticAmerican]

"Socialism = Blend of private & state ownership of produce, proceeds distributed primarily by State through populace. "

Mail, airports, air traffic control, airport security, highways, education, alcohol (in many states), sea ports, libraries, to name a few of the government owned and operated business.

These are basic industries that do not need to be federally owned. So, think again about socialism. We may not have Jolly Roger candy owned by the feds, but the feds do control the daily aspects of our lives. Also, the feds may and do have the power to own and control any industry it wants. The stroke of the pen is law, today. A non-socialist government has safeguards against federal takeovers, but we do not.