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Comment: I think he is actually well

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In reply to comment: NIce, but... (see in situ)

I think he is actually well

I think he is actually well educated about economic principles, or to be precise, what he actually means by the term socialism.

I agree though, that the average european may be a little more familiar with what socialism or communism actually stands for and what it usually brings about, but hey!
let's not be so harsh on americans, for that's why they elected Obama and the neocons in the first place- because the majority had no clue about basic economics ;)