Whatever the problems or merits of socialism, it advocates common ownership. Dubai has always been openly a personally owned state advancing financial speculation. You may indeed call it something other than standard capitalism but calling it socialism is clearly an abuse of the term.
Re:Good-bye to Dubai
by noarchy on Monday August 16, 2010 @08:31AM
(#1607559)
People have been confusing government intervention of any kind with socialism for a long time. The argument against this generalization, by and large, keeps falling on deaf ears.
Whatever the problems or merits of socialism, it advocates common ownership. Dubai has always been openly a personally owned state advancing financial speculation. You may indeed call it something other than standard capitalism but calling it socialism is clearly an abuse of the term.