Image via Screengrab.

President Donald Trump often accuses Democrats of being "socialists" — a word he routinely applies to the Democratic Party's centrists as well as its liberals and progressives. And he is calling Democratic New York City mayoral nominee Zohran Mamdani a "communist," which Mamdani's supporters say wildly misleading.

Although Mamdani identifies with self-described "democratic socialists" like Sen. Bernie Sanders (I-Vermont) and Rep. Alexandria Ocasio-Cortez (D-New York), the New York State lawmaker doesn't embrace full-fledged Maoist or Stalinist ideology. Actual communists believe Mamdani is too far to the right.

During a Thursday, August 21 broadcast of MSNBC's "Morning Joe," host Joe Scarborough called out Trump's endless use of the word "socialism" as hypocritical and argued that Trump and Commerce Secretary Howard Lutnick's arrangement with tech company Nvidia is an example of the type of "socialism" the president rages against.

READ MORE: Aides sat 'helpless' as 'incoherent' Trump displayed 'stunning ignorance': biographer

Scarborough, a Never Trump conservative and former GOP congressman, told his MSNBC colleagues Claire McCaskill (a former Democratic U.S. senator) and Jonathan Lemire, "This is just stepping over the brightest of bright lines. We're going to take over a private company, give us 10 percent stake in a private company — that, by definition, is socialism. Not all the things that the whack jobs say, socialism or Marxism or communism is. This is, by definition, the federal government taking over a portion of a private company for their benefit. It's crazy."

Lemire interjected that socialism "is a four-letter word" on the right, adding, "And yet, they're embracing it."

Scarborough argued that the Nvidia deal is the type of thing the late U.K. Prime Minister Margaret Thatcher — a member of the Conservative Party — would have vehemently opposed during the 1980s.

Scarborough told Lemire and McCaskill, "This is socialism. This is what Margaret Thatcher was elected to stop…. This is, by definition, the federal government taking over a private company."

READ MORE: 'They said it's a felony': Police yank Dem lawmaker out of bathroom for speaking to media

Watch the full video below or at this link.