Even in the United States, the Utopian economic and political system known as socialism remains attractive to those who are not familiar with its track record of broken promises. "The free market for all intents and purposes is dead in America," said Sen. Jim Bunning (R-Ky.). "The action proposed today by the Treasury Department will take away the free market and institute socialism in America." Senator Bunning's comments, made in the wake of the bank bailout, and followed by the election of a president who has openly advocated redistribution of wealth, should make Americans pause, for the formerly unthinkable is...