According to the news, two of the most looked-up words in the dictionary (or, at least the Merriam-Webster dictionary, anyway) in 2012 were "capitalism" and "socialism." This is somewhat depressing, as I'd hoped that the runaway success of Fifty Shades Of Grey would lead people to look up a bunch of much, much more erotic words. But, as usual, the obsession with the 2012 horsey race seems to have trumped all, according to Charlotte Lytton of the New York Observer:
Thanks to America’s heightened political curiosity during the election year, those two words have topped the list of the online dictionary’s most-searched items, beating out the likes of ‘touché,’ ‘Schadenfreude’ and ‘meme,’ all of which placed in the top 10. Editor at large Peter Sokolowski described the joint win as a “no-brainer,” with the decision marking the first time the accolade has been shared since Merriam-Webster’s rankings began in 2003.
“Our research showed that people would look up one [of the terms] and then immediately look up the other, which makes perfect sense,” he told The Observer over the phone. “They are words that are clearly linked politically, rhetorically, culturally and, of course, economically.”
Well, I think it's safe to say that the top-ten placement of the words ‘touché,’ ‘Schadenfreude’ and ‘meme’ probably owes a lot to this presidential election we've just endured. But it raises the question: What made this election, in particular, one in which everyone was suddenly racing to figure out what the words "socialism" and "capitalism" meant? As this funny clip from the gang at NowThisNews makes clear, it's probably because everyone kept referring to President Barack Obama as a "socialist."
And you know, it sort of stands to reason that people would want to brush up on the meaning of the word socialism, given the fact that despite being constantly accused of being a socialist sleeper agent by the tin foil hat crowd, the reality is that Barack Obama is really, really pretty bad at being a socialist! Steve Benen, in fact, calls Obama the "Worst Socialist Ever":
The New York Times reported yesterday, "United States corporate profits reached a record high in the third quarter of this year, even adjusted for inflation, according to a report from the Bureau of Economic Analysis." Here it is in chart form:
You'll notice in this image, published by the Federal Reserve Bank of St. Louis, that post-tax corporate profits collapsed when the economy crashed in 2008, but then sharply improved after Obama became president, reaching their highest point ever this fall.
Yes, it's very hard to not notice that. It's also hard to miss the fact that the wealthy have prospered during President Obama's first term, but as Chris Lehmann wrote in The Baffler:
The top 1 percent of income earners have taken in fully 93 percent of economic gains since the Great Recession, the numbers show. That share outpaces Bush-era figures by a mile; as the economy emerged from the 2001-2 recession, the top 1 percent claimed a lousy 65 percent of the gains that followed.
So, wealth has been redistributed on a grand scale since 2008, but it's all been redistributed in the direction that die-hard opponents of socialism would deem preferable. (Lehmann adds, "Data from the IRS shows that the Obama years have achieved almost nothing to remedy the yawning inequalities in the economy.")
At any rate, this all explains why, when someone hears, "Obama is a socialist!" it necessitates a trip to Webster's Dictionary, just to make sure that the definition of "socialism" hasn't suddenly been changed to "an economic arrangement that favors having the wealthy rentier class make out like bandits, forever."
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May 1, 2011: President Barack Obama and Vice President Joe Biden, along with members of the national security team, receive an update on the mission against Osama bin Laden in the Situation Room of the White House, May 1, 2011. Seated, from left, are: Brigadier General Marshall B. "Brad" Webb, Assistant Commanding General, Joint Special Operations Command; Deputy National Security Advisor Denis McDonough; Secretary of State Hillary Rodham Clinton; and Secretary of Defense Robert Gates. Standing, from left, are: Admiral Mike Mullen, Chairman of the Joint Chiefs of Staff; National Security Advisor Tom Donilon; Chief of Staff Bill Daley; Tony Blinken, National Security Advisor to the Vice President; Audrey Tomason Director for Counterterrorism; John Brennan, Assistant to the President for Homeland Security and Counterterrorism; and Director of National Intelligence James Clapper. Please note: a classified document seen in this photograph has been obscured. (Official White House Photo by Pete Souza)
May 8, 2009: President Barack Obama bends over so the son of a White House staff member can pat his head during a family visit to the Oval Office May 8, 2009. The youngster wanted to see if the President's haircut felt like his own. (Official White House Photo by Pete Souza)
Dec. 3, 2009: President Barack Obama fist-bumps custodian Lawrence Lipscomb in the Eisenhower Executive Office Building following the opening session of the White House Forum on Jobs and Economic Growth, Dec. 3, 2009. (Official White House Photo by Pete Souza)
July 4, 2012: President Barack Obama holds a baby while greeting guests during an Independence Day celebration on the South Lawn of the White House, July 4, 2012. (Official White House Photo by Pete Souza)
July 26, 2012: President Barack Obama holds a Cabinet meeting in the Cabinet Room of the White House, July 26, 2012. (Official White House Photo by Pete Souza)
Oval Office Chase
July 9, 2012: President Barack Obama runs around his desk in the Oval Office with Sarah Froman, daughter of Nancy Goodman and Mike Froman, Deputy National Security Advisor for International Economics, July 9, 2012. (Official White House Photo by Pete Souza)
June 13, 2012: President Barack Obama and First Lady Michelle Obama wave goodbye to President Shimon Peres of Israel on the North Portico of the White House following the Presidential Medal of Freedom ceremony and dinner in his honor, June 13, 2012. (Official White House Photo by Pete Souza)
April 23, 2012: President Barack Obama tours the United States Holocaust Memorial Museum in Washington, D.C., with Elie Wiesel, Nobel Peace Prize laureate and Holocaust survivor, and Sara Bloomfield, museum director, April 23, 2012. (Official White House Photo by Pete Souza)
June 11, 2012: President Barack Obama talks with Betty White in the Oval Office, June 11, 2012. (Official White House Photo by Pete Souza)
Venus In Transit
April 24, 2012: President Barack Obama stops to view the moon and Venus before boarding Marine One in Boulder, Colo., April 24, 2012. (Official White House Photo by Pete Souza)
'Sweet Home Chicago'
Feb. 21, 2012: President Obama joins in singing "Sweet Home Chicago" during the "In Performance at the White House: Red, White and Blues" concert in the East Room of the White House, Feb. 21, 2012. Participants include, from left: Troy "Trombone Shorty" Andrews, Jeff Beck, Derek Trucks, B.B. King, and Gary Clark, Jr. (Official White House Photo by Pete Souza)
March 20, 2011: "The Obama family was scheduled to tour the Christ the Redeemer statue in Rio before dinner one night. But when heavy fog rolled in, they canceled the visit. After dinner, the fog had dissipated somewhat so they decided to make the drive up the mountain. It was quite clear when they arrived and then the fog started to roll back in. I managed to capture this silhouette as they viewed the statute one last time just before departure." (Official White House Photo by Pete Souza)
June 11, 2011: "The top photograph shows the President having a water gun fight with his daughter Sasha on her birthday weekend at Camp David. Unbeknownst to me, David Lienemann captured a similar photo of the Vice President on the very same day." (Official White House Photos by Pete Souza and David Lienemann)
Dec. 11, 2011: President Barack Obama, First Lady Michelle Obama, and their daughters, Malia, left, and Sasha, right, sit for a family portrait in the Oval Office, Dec. 11, 2011. (Official White House Photo by Pete Souza)
Oct. 14, 2011: President Barack Obama tours the Martin Luther King, Jr. National Memorial in Washington, D.C., Oct. 14, 2011. (Official White House Photo by Pete Souza)
Oct. 11, 2011: "This photograph by Chuck Kennedy has to catch your eye. It shows Guinness Book of World Records holder John Cassidy performing a balloon act for First Lady Michelle Obama in the Diplomatic Reception Room following a Let's Move event." (Official White House Photo by Chuck Kennedy)
June 21, 2011: First Lady Michelle Obama meets with former President Nelson Mandela of South Africa at Mandela's home in Houghton, South Africa, June 21, 2011. (Official White House Photo by Samantha Appleton)
May 29, 2011: President Barack Obama greets Hugh Hills, 85, in front of his home in Joplin, Mo., May 29, 2011. Hills hid in a closet during the tornado, which destroyed the second floor and half the first floor of his house. (Official White House Photo by Pete Souza)
June 9, 2011: President Barack Obama greets children at a day care facility adjacent to daughter Sasha's school in Bethesda, Md., following her 4th grade closing ceremony, June 9, 2011. (Official White House Photo by Pete Souza)
Jan. 10, 2011: President Barack Obama and First Lady Michelle Obama walk towards the White House after observing a moment of silence for the victims of the Arizona shooting, on the South Lawn, Jan. 10, 2011. White House staff joined the President and First Lady for the moment of silence.(Official White House Photo by Chuck Kennedy)
March 7, 2011: President Barack Obama, Prime Minister Julia Gillard of Australia, and members of the Australian and American delegations look up at the presidential seal in the Oval Office ceiling following their bilateral meeting, March 7, 2011. (Official White House Photo by Pete Souza)
May 31, 2010: "The skies opened up on Memorial Day outside of Chicago. When the lightning began, the Secret Service told the President that it was too dangerous to proceed. He took the stage by himself and informed the audience that his speech was canceled and that for everyone's safety, they should return to their busses. Later, he boarded a few of the busses to thank them for attending and apologized for not being able to speak." (Official White House Photo by Pete Souza)
July 20, 2010: President Barack Obama and British Prime Minister David Cameron walk across the South Lawn of the White House, July 20, 2010. (Official White House Photo by Pete Souza)
May 28, 2010: President Barack Obama and Lafourche Parish President Charlotte Randolf, left, inspect a tar ball as they look at the effect the BP oil spill is having on Fourchon Beach in Port Fourchon, La., May 28, 2010. (Official White House Photo by Chuck Kennedy)
March 21, 2010: President Barack Obama, Vice President Joe Biden, and senior staff, react in the Roosevelt Room of the White House, as the House passes the health care reform bill, March 21, 2010. (Official White House Photo by Pete Souza)
March 31, 2010: President Barack Obama practices his pitching form with personal aide Reggie Love and Jake Levine in the Rose Garden of the White House, March 31, 2010. The President threw out the ceremonial first pitch on opening day of the baseball season prior to the game between the Washington Nationals and the Philadelphia Phillies.
Feb. 1, 2009: "During a Super Bowl watching party in the White House theatre, the President and First Lady join their guests in watching one of the TV commercials in 3D." (Official White House photo by Pete Souza)
March 15, 2009: "The Obama family was introduced to a prospective family dog at a secret greet on a Sunday. After spending about an hour with him, the family decided he was the one. Here, the dog ran alongside the President in an East Wing hallway. The dog returned to his trainer while the Obama's embarked on their first international trip. I had to keep these photos secret until a few weeks later, when the dog was brought 'home' to the White House and introduced to the world as Bo." (Official White House photo by Pete Souza)
Moment Of Reflection
Jan. 20, 2009: "President-elect Barack Obama was about to walk out to take the oath of office. Backstage at the U.S. Capitol, he took one last look at his appearance in the mirror." (Official White House photo by Pete Souza)
Dec. 19, 2009: "Snowball in hand, the President chases Chief of Staff Rahm Emanuel on the White House colonnade. To escape, Rahm ran through the Rose Garden, which unfortunately for him, was knee-deep in snow." (Official White House photo by Pete Souza)
Dec. 10, 2009: President Barack Obama looks at the Nobel Peace Prize medal for the first time at the Norwegian Nobel Institute in Oslo, Norway, Dec. 10, 2009. (Official White House Photo by Pete Souza)
Jan. 16, 2010: "President Obama had called on the two former Presidents to help with the situation in Haiti. During their public remarks in the Rose Garden, President Clinton had said about President Bush, 'I've already figured out how I can get him to do some things that he didn't sign on for.' Later, back in the Oval, President Bush is jokingly asking President Clinton what were those things he had in mind." (Official White House photo by Pete Souza)
Oct. 8, 2009: President Barack Obama watches as members of the National Naval Medical Center's Marine Wounded Warrior basketball team play on the White House basketball court, Oct. 8, 2009. (Official White House Photo by Pete Souza)
Shoot The J
Oct. 8, 2009: President Barack Obama takes a shot during a game with Cabinet secretaries and members of Congress on the White House basketball court, Oct. 8, 2009. (Official White House Photo by Pete Souza)
Aug. 16, 2009: President Barack Obama looks at the Grand Canyon in Arizona on Aug. 16, 2009. (Official White House photo by Pete Souza)
April 21, 2009: President Barack Obama and Sen. Ted Kennedy walk down the South Lawn sidewalk at the White House April 21, 2009. (Official White House Photo by Pete Souza)
July 10, 2009: President Barack Obama and First Lady Michelle Obama meet with Pope Benedict XVI at the Vatican on July 10, 2009. (Official White House photo by Pete Souza)
July 13, 2009: President Barack Obama feigns a punch while talking about health care reform with Nancy-Ann DeParle, Peter Orszag, Phil Schiliro and Larry Summers in the Outer Oval Office, July 13, 2009. (Official White House Photo by Pete Souza)
June 26, 2009: President Barack Obama jokingly reacts to news that staffer Nora Becker will be leaving to pursue a joint MD and PhD in healthcare economics, during the White House staff picnic on the South Lawn, June 26, 2009. (Official White House Photo by Pete Souza)
June 2, 2009: President Barack Obama and former First Lady Nancy Reagan walk side-by-side through Center Hall in the White House, June 2, 2009. To the left of Mrs. Reagan hangs her official White House portrait as First Lady. (Official White House Photo by Pete Souza)
June 4, 2009: Secretary of State Hillary Clinton recounts a story to President Barack Obama, Senior Advisors David Axelrod and Valerie Jarrett, outside the Sultan Hassan Mosque in Cairo, Egypt, June 4, 2009. (Official White House Photo by Pete Souza)
June 4, 2009: President Barack Obama tours the Egypt's Great Sphinx of Giza (left) and the Pyramid of Khafre, June 4, 2009. (Official White House photo by Pete Souza)
Behind The Camera
Feb. 18, 2009: President Barack Obama takes aim with a photographer's camera backstage prior to remarks about providing mortgage payment relief for responsible homeowners at Dobson High School, Mesa, Ariz., Feb. 18, 2009. (Official White House Photo by Pete Souza)
Jan. 21, 2009: President Barack Obama walks into the Oval Office for his first full day in office, Jan. 21, 2009. His Personal Aide Reggie Love stands nearby. (Official White House photo by Pete Souza)