Originally Posted by
leo9
Since you and the rest of Obama's detractors have been equating "socialist" with "communist" from the start (otherwise you wouldn't be using it as an insult), it's a bit late to move the goalposts and exclude communist states from the dicussion. The more so since most of them call themselves socialist, so you are essentially arguing within your own private framework which you invented to give the answer you want.
By any strict economic definition the USA has not been a purely capitalist state since the 1930s, at the very latest, so even before the current crisis it could by your strict terms be already described as a failed capitalist state. It is more realistic to recognise that all working economies contain elements of both private and public enterprise, and we define them as "socialist" or "capitalist" according to which predominates.
In most developed democracies the balance swings from capitalist to socialist and back according to political trends, which is why I said that most European countries have had socialist periods. In my lifetime the UK has seen a period of predominantly socialist organisation from the '50s to the '70s, when even the Conservatives shared the concensus that most important things should be done by the state, and a predominantly capitalist period from the election of the Thatcher government to the credit crisis, when the Labour Party accepted the concensus that most things were best done by private enterprise. In between the pendulum passed through a midpoint of fully mixed economy, and is swinging back to there now. This cycle is normal all over the democratic world, except in the US, where the swing to the left hits an ideological spanner and bounces back to the right ahead of time. It will take more than the first black President to unjam the works.