The specter of socialism is stalking America, writes Cathy Young. The once-neglected S-word made a big comeback during the presidential campaign of 2008, and has now become a staple of American political discourse. While the right denounces Barack Obama as a socialist, the cover of Newsweek magazine recently proclaimed, "We are all socialists now." But is he? Are we? Depends on how you define "socialism," of course.
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