SOCIALISM
Tyler Larson
What is Socialism?
A theory or system of social organization based on the holding of most property in common, with actual ownership ascribed to the workers.
Pros of Socialism
Many social programs are based on socialism. For example; food stamps, public housing, public health-care, public education.
Allows stable economy
And a decrease in poverty
Cons of Socialism
Increased taxes
Lack of democracy
Totalitarianism (too strong of government)