Socialism

What are Pros and Cons of Socialism? By: Jackson Flack

Background Information

  • According to the socialist view, individuals do not live or work in isolation but live in cooperation with one another.
  • Furthermore, everything that people produce is in some sense a social product, and everyone who contributes to the production of a good is entitled to a share in it.
  • Socialist want to spread wealth instead of people who would work harder for jobs get more money.
  • Born of a commitment to remedy the economic and moral defects of capitalism, it has far surpassed capitalism in both economic malfunction and moral cruelty.
  • Socialist want everyone to be equal in pay and status.

Examples

  • Throughout the Cold War, which pitted the communist Soviet Union and the United States against each other in a struggle for global influence from the early 1950s to 1991, Americans increasingly came to equate both communism and socialism with their enemies.
  • The rise of Adolph Hitler’s National Socialist Party and all the horror it wrought was a major public relations crisis for non-extremist socialist parties.
  • China established a socialist government after WWII, which put two of the biggest countries in the world socialist, the opposite of what the Americans wanted.
  • As many countries around the world were follwing under influence of socialism, Cuba did as well which put one of the closest countries to the U.S. communist.
  • Many countries in Western Europe after WWII were either under Soviet control or were Socialist themselves.

Pros

  • A Pro of Socialism is that everyone is equal in getting money causing no real poverty.
  • In socialism, you do not need to make tough decisions, but you barely have any decisions.
  • In socialism, people who do not work as hard as others get lucky and have the same amount of money as the harder job workers do, this is a benefit to lower level job people.
  • Socialism increases workers rights and is more likely to allow more than only two dominate political parties
  • Socialized healthcare means that everyone receives the same minimum healthcare, even if unemployed and unable to pay for medical needs.

Cons

  • In the process of Socialism, the government tends to tax overwhelmingly.
  • Higher taxes means it is much harder for entrepreneurs to start new companies and/or restrict existing companies from being very dynamic.
  • A con of Socialism is that you can not earn more money for harder jobs that cause more work, in this case it is worse fot the people who work harder
  • Under socialism, the citizens have very few rights and say in the economy or governement.
  • Critics of socialism contest that the system limits individuals’ freedom to amass as much money as they can and do with it what they please.
  • The government in a Socialistic Government makes all of the decisions for you.

FInal Thoughts

Overall, I think Socialism's cons outweigh the Pros. For example, if I manage a fast food restraunt and I make the same amount of money as someone who is a cashier at one of my restraunts I think that is unfair. Also, I think its unfair that you don't get to make any choices. In this type of government, the government assigns what you should do. I think we should be able to assign ourselves because what if we are not fit for that job they asign us, we would have poor work and not be happy.

Bibliography

Works Cited

Dagger, Richard. "Socialism." Encyclopedia Britannica Online. Encyclopedia Britannica, 30 Dec. 2014. Web. 11 Nov. 2014.

"The Pros and Cons of Socialism." « Phil for Humanity. Phill for Humanity, 2006. Web. 13 Nov. 2014.

"Socialism." GALILEO Georgia's Virtual Library. World Book, Inc., 2014. Web. 11 Nov. 2014.

"Socialism." Opposing Viewpoints Online Collection. Gale: Detroit, 2014. Web. 11 Nov. 2014.

"World Book Online Reference Center | Online Reference Book| Online Encyclopedia." World Book. N.p., 2014. Web. 11 Nov. 2014.