This socialism/capitalism crap is BS.
Not only would a 'pure' s/c will ever work but I can't fathom how people can just say Obama is a socialist. Wasn't McCain's policy involve the government buying up bad house mortgages? And let's not forget Bush.
And would someone mind telling me how tax cuts for the rich isn't socialism but tax cuts for the middle/lower classes ARE?
I guess the universal health care could be considered socialist. But so is Medicare for that matter. =/
</rant>
You have no concept of economic policies.
Obama IS socialist because in his speech he said we should guide the market, that is not a capitalist method of thought, at all. Then, his whole platform for tax cuts is to "share the wealth." That was started by Huey P. Long and sharing the wealth means you are taking from others for their work, and EVENLY DISTRIBUTING IT AMONG OTHERS - socialism.
Bush and McCain are both socialists as well, but they are more imperialistic, Mao/Lenin/Castro/Kim socialists.
Universal health care is the definition of socialism because you are paying for the raising of another persons life standard.
Basically, capitalism is the focus on yourself, economically. What will benefit me and make me richer. It works because competition is in human nature. With socialism, you are sharing your profits, so everyone is on an even playing field. It's hard to establish the difference between socialism and communism, but they are not mutually exclusive.
Socialism, in its purest form, will never work because human nature is based on selfishness. This is not a bad thing, but it works better in a capitalist arena, than in a socialist arena.