Socialism Economic System

Marcus aguinaga


    socialism is a variety of social and economic systems characterised by social ownership and democratic control of the means of production; as well as the political ideologies,


Nothing more, nothing less. i felt the need to magnify the size of this statement because, while this has been explained over and over again, people still seem to overlook this fact or not quite understand it.what this means is that workers, whether as a collectivized group or as individuals, would possess direct authority over the tools and the raw materials used in the production process


UniversityNow: Types of Economic Systems


Criticism of socialism refers to any critique of socialist models of economic organization and their feasibility; as well as the political and social implications of adopting such a system. Some criticisms are not directed toward socialism as a system, but are directed toward the socialist movement, socialist political parties or existing socialist states.


In our last three talks we have discussed some of the problems of the present day world together with the attitudes and methods adopted as attempts to combat the evils of our own making. We have, in the course of 15 minutes discussion, sought to point the remedy to the common ailments that afflict mankind at the present time.