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You see socialism can be a whole range of things, like Welfare. The key ingredient that sets communism apart from socialism is property ownership. Seizure of private property is the first item on the list in the Communist Manifesto. Neocommunism differs from classical communism in that normally the communist central government conducts central economic planning thru the central bank. In neocommunism, the privately owned central bank conducts central economic planning, and controls the central government. And the sickest irony of it all is that at least communism is more honest about what it is, because now that the owners of the Fed are the ones who are gaining the actual ownership in this quiet nationalization of the primary mortgage banks, when you default on their loans your property may now go to the top of the food chain.