Ronald Reagan on Socialism & Liberalism

ElehantOwners(dotcom) Now back in 1927 an American socialist, Norman Thomas, six times candidate for president on the Socialist Party ticket, said the American people would never vote for socialism. But he said under the name of liberalism the American people would adopt every fragment of the socialist program. There are many ways in which our government has invaded the free precincts of private citizens, method of earning a living; our government is in business to the extent of owning more than 19,000 businesses covering 47 different lines of activity. This amounts to 1/5th of the total industrial capacity of the United States.