What follows is the text of a FaceBook meme I see floating around from time to time attributed to DividedWeFall.com (DividedWeFall.online)…
The government owns most of the major industries. This is an extreme position that seems to fail.
Corporate Socialism (our current system):
The government mostly benefits wealthy corporations. Most major industries are privatly owned (capitalism), but still receive massive handouts, bailouts and other benefits at the expense of the tax payer. It is driven by corporations ability to influence the laws with large amounts of money that results in legislation that favors their abilities to make even larger amounts of money. In this system the wealthy become more wealthy at the expense of the lower classes. This is essentially a Plutocracy (ruled by the wealthy)
The government mostly benefits the citizens. Most major industries are privatly owned (capitalism), but they have to stand on their own without handouts from the government. The tax burden previously funnel to the wealthy corporations is used to improve the lives of citizens instead. This enables the government to help fund improvements to public services such as Police, Firemen Libraries, Roads an Interstates, Eeducation and Healthcare. The system is driven by people working together and lifting each other up. In this system the middle class thrives and poverty decreases. This system is more Democratic (ruled by the people) than our current system.