Raising the minimum wage will just speed up the implementation."
This is no secret for the Left.
All part of the Obama's 'Transformation of America' plan, which is progressing, moving forward and will be soon be unstoppable.
While discussing socialism by its economic models is useful, it misses the point.
The difference is not between capitalism and socialism as economic systems. Its between a society with liberty and a society without.
Marx and Engles had to actually hurry to finish their economic tomes as the purpose was to explain how to fund a socialist society. The very earliest socialist envisioned a scientific and technological society creating a government that would use those tools to cure its social ills of poor people, wealth concentration and corruption.
With such an invasive government, liberty and private property became obstacles and the socialist organization of property with state ownership or control was the only thing conceived to have the power to produce such a government as envisioned.
Liberty, free practice of personal faith and settled ownership of property were the engines that produced our nation — capitalism, a term used by its opponents, is not in the constitution.