Capitalism vs Socialism, Liberalism is no Allie Academic Essay

When ever certain terms are used to express freedoms, especially the right to own property, it sparks controversy due to the many different opinions and beliefs that are based on principles and individual thinking. This is impactful due to the frequent use of such terms as socialism, capitalism, and communism among others in politics in efforts to garner support or to influence institutions and individuals. The difficulty in using terms is often obscured by the reactions of political elites, socialists, and other influential persons in the society in which they are used. While the terminologies might present different impressions on different individuals, the actions of the different sides of the spectrum demonstrate more than what the attitudes and opinions of those who look upon them show. This paper critiques an article that sheds light on the difference between socialists and liberalists, based on philosophies, motives, and actions of Barack Obama, President of the United States of America.
Wolfe argues that liberalism and socialism have unsurprisingly been perceived as synonymous or opposite terms that have been employed to suit similar situations, depending on the success of either of the terms. Nevertheless, the perception has been an ever changing situation across time. For example, conservatives once linked liberalism to fascism, although in recent times they have tolerated its comparison using a softer term linking it to socialism. Wolfe relates an instance of the Americans beholding President Obama’s plans as an intention to plunge

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