Great article, Dr. Sowell. In one sense , Obama is a socialist because he wants to socialize more decision-making in Washington. But from an economic perspective, he is is exactly as Dr. Sowell descrtibes him. He wants to leave business in private hands, but regulate it to death. Rather than government owning the means of production, he issues regulations, many of them without Congressional oversight, to control ever larger portions of business operations. And most of it does nothing to advance health or safety, accountability, financial honesty, etc. And another insidious aspect of regulations is that they harm small business disproportionately because, unlike big business, it lacks the financial resources to grapple with them.