Socialism From Wikipedia, the free encyclopedia "...Modern social democrats also promote tax-funded welfare programs and regulation of markets; many, particularly in European welfare states, refer to themselves as socialists, despite holding pro-capitalist viewpoints, thus adding ambiguity to the meaning of the term 'socialist'. ..." Been reading the news a bit and there seems to be a lot of argument over whether the current ruling party are Socialists. So ... I went to Wikipedia to see their definition of socialism. The above quote is an excerpt of their article. While most of the article defines socialism as government or employee owned business there is an aspect of the socialistic desires of the current administration. With the stock holding conditions of some of the gov't. bailouts of private industry it would seem obvious that the term "socialist" would apply to the party in power.