O'Donnell called himself a "practical European socialist" in a 2005 interview. Despite regularly expressing support for regulated capitalism and mixed economies, O'Donnell again declared himself a "socialist" on the November 6, 2010 Morning Joe show, stating: "I am not a progressive. I am not a liberal who is so afraid of the word that I had to change my name to 'progressive'. Liberals amuse me. I am a socialist. I lie to the extreme left, the extreme left of you mere liberals." On the 1 August 2011 episode of The Last Word, O'Donnell further explained, "I have been calling myself a socialist ever since I first read the definition of socialism in the first economics class I took in college." O'Donnell went on to state that what he means by calling himself a socialist is
Not that we choose the socialist option every time but we do consider socialism a reasonable option under certain circumstances; in fact, under many circumstances. As any introductory economics course can tell you, there is no capitalist economy anywhere in the world, and there is no socialist economy anywhere in the world, not even Cuba. We are all mixed economies; that is, mixes of capitalism and socialism, and we all vary that mix in different ways. ... I can argue this because every side of this is true: capitalism is good, capitalism is bad; socialism is good, socialism is bad; all of those things are true at the same time. That's why we have a mixed economy, an economy in which we are trying to use the best, most efficient forms of capitalism, and the best, most efficient forms of socialism, where necessary. So my full truth is I am as much a capitalist as I am a socialist; but since we live in the only mature country in the world where "socialist" is considered such a dirty word that no one would dare admit to being one, I feel more compelled to stand up for the socialist side of me than the capitalist side of me. Source
Edited by Karlis, 01 June 2012 - 04:40 AM.