Am I missing something?

Humm. I was passing some time this morning looking at BBC NEws videos on the new section and noticed this video, “Ikea founder: Five things to know.” Just over 30 seconds in it says that he was a member of two far-right groups and has the logos for the New Swedish Movement and the National Socialist Workers Party (Sweden). Now I know that people often refer to nazis far-right, but when did Socialist become right wing?

Is this just more progressive newspeak designed to stop us talking probably about where people stand on issues. Today, if you are conservative or stand for traditional values you are often labelled as a Nazi or Fascist, but Nazis and Fascists have their roots in socialism not conservatism.

Or am I missing something here?