10 biggest pros and cons of socialism _ green garage

Since the global economic crisis started in 2008, people began thinking of ways to bridge the widening wealth gap within and among nations. Countries in europe game As capitalism becomes unpopular, talks about renewed interests in socialism start to surface.

Socialism can be defined in two ways.

How many countries in eastern europe First, it is an economic system which centers on common ownership. How many countries of europe In this system, the government mandates production and prices. What countries are in europe but not in the eu Also, private ownership of property is not allowed. List of countries in europe by area Equality is significant for socialists that distribution of wealth and production belongs to the community. Countries in europe beginning with d Moreover, production is done for use unlike capitalism wherein production is for profit. What countries in europe have a highland climate zone Second, socialism is a political system with a classless society where there are equal power relationships among people.

While some groups are considering the establishment of a socialist world, there are also other groups opposing the socialist idea. List of countries in europe by size To have a better understanding on this contentious topic, here are the views of the two opposing sides: List of Pros of Socialism

According to proponents, two major problems of nations practicing capitalism are the high costs of health care as well as education. How many countries in the europe Because of these, there are countries with high rates of illiteracy and many are not able to continue their education. List the countries in europe Also, people who cannot afford health care are not given the medical attention they need.

In a socialist society, education is available for everybody and people will be able to meet their medical needs because health care costs will be more affordable. Countries that are in europe With the government owning hospitals and health care facilities, medicines and medical services are relatively low in costs if not totally free.

Socialists believe that equality among people is important, including social class. List of countries in europe with capitals By making people equal to each other, the gap between the rich and the poor will be bridged. Names of all countries in europe Opportunities are handed to members of the community regardless of race, color, age and gender.

With the government in control and owning most of the industries like housing, utility companies, poor members of society are given access to basic services which they will not be able to if establishments and industries are privately owned. All of the countries in europe On the other hand, when it comes to taxes, there is progressive taxation in a socialist society. Countries in europe flags This means that the higher the income, the higher the taxes. List of countries in europe and their capitals With this taxation system, it will be easier for low income employees to budget their earnings and while those who earn more and pay higher taxes will still have enough left to spend.

In a capitalist nation, companies are owned privately unlike in a socialist country where the government monitors, controls and owns companies that offer services like transportation and medical institutions, where money spent come from taxes. What are all the countries in europe This way, prices are regulated and made affordable for the people unlike in capitalism where private business owners and suppliers can demand high prices for their goods and services.

Critics of socialism argue that allowing the government to run people’s lives, including where to live, how much to earn and what health care is given to them is not good. How many countries are in western europe It is unfair to the people since they have no say on these things. How many countries are in europe today With the state on top of things, citizens have lesser options especially on services and commodities.

Proponents, especially those who with white collar jobs, are complaining about costly tax payments since the government has to impose these taxes be able to subsidize services offered to the public for free or at lower costs.

With unions and workers’ councils having more power in businesses, critics are concerned this can give them too much authority that workers will demand over-the-limit wages. Countries in europe to visit If this happens, employers will be reluctant to hire people while unproductive employees will be retained. Five countries in europe For opponents, this will result to economic failure and unemployment.

Groups who are not in favor of a socialist society claim that with state-run services, there is too much bureaucracy which only makes it difficult for people to get services fast. How many countries does europe contain With standard operating procedures to follow and the long processes people of the community have to go through just to get basic services, the citizens are being deprived of immediate assistance.

People who are against socialism say that by making people’s lives comfortable and providing free services, they might not be driven to work harder and dream of improving their lives. 5 largest countries in europe Business owners, on the other hand, will not be motivated to open new businesses while innovative people will not be inspired to invent new things because for them, nothing will change and they will remain stuck.

Some groups point out that since the government in a socialist setting has the power to spend on services for the general public using taxpayer’s money, this can result to too much spending which can lead to poor economy. How many countries are in the europe With the state having the authority to subsidize projects it chooses, this can result to irresponsible spending and inflation. List of the countries in europe Conclusion

Socialism exists to bring about equality to a nation and to push for a classless society. List of countries in southern europe In some aspects, it has benefits but the fact still remains, not all are happy with the idea. How many countries in europe list Just like in any form of government, there are good and bad sides. List of countries in europe that speak english Absolute socialism might be too much although democratic socialism can work. A countries in europe Will it be a good thing to bring it back again when the nation is in an economic crisis? The people and the government should weigh its pros and cons beforehand and look at how it has affected nations in the past years.