We are all socialists now, it seems. John McCain, David Cameron and Gordon Brown attack bankers' irresponsible behaviour and salaries, and call for state intervention in the financial markets. But these calls will not get them elected or re-elected if they are addressed only to the banking sector.

Practical European socialists have embraced the idea that the government has a role in healthcare and in supporting strong transportation systems that do not depend entirely on individual motor vehicles. And it turns out we're all socialists now, and there are very few Americans who understand that.

In my book, 'The Big Three in Economics,' I found that the press has frequently and prematurely written the obituary of Adam Smith and his free-market philosophy, only to see a new and more vibrant global marketplace reemerge after being savagely attacked by Keynesians, Marxists, and assorted socialists.

The guy keeps making speeches about redistribution and maybe we ought to do something to businesses that don't invest, their holding too much money. We haven't heard that kind of talk except from pure socialists. Everybody's afraid of the government and there's no need soft peddling it, it's the truth. It is the truth.

You shouldn't go around the world behaving ruthlessly when you don't have to. Sometimes you do have to. There is only so much pie to go around. If you're going to take more than your fair share of pie, as socialists would look at it, then someone else is not getting his. That means you've got to take it away from them.

The goal of socialism is a fairer allocation of economic resources, which its advocates often claim will also be a less wasteful one. Socialism is about who gets the goods and how. Socialism objects to markets because markets allocate resources in ways socialists believe to be unfair on both counts: both the who and the how.

We can't disrespect, by way discounting or misunderstanding our different sticking points, the beliefs of the various groups comprising the tea party movement, but we all have more in common with each other than we do with factions on the Left: the communists, the socialists, the say-they're-anarchists-but-are-actually-socialists.

The reason socialism has failed around the world every time it's been tried is because people in socialist countries have looked at the United States and have said if they can have it that good, we can. It's a failed, flawed ideology, but if you ask socialists why it's always failed, it's because the United States has stood in the way.

I say we have not even had the decency to maintain the assets that our parents and grandparents built for us - our roads, our bridges, our wastewater systems, our sewer systems; by the way, those weren't Bolsheviks, those weren't socialists that built those things for us - much less build the infrastructure we need for the 21st century.

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