By:Elizabeth Hernandez

What are the benefits of your economic system and why should people want it?

socialism is a political and economic theory of social organization that advocates that the means of production distribution and exchange should be owned or regulated by the community as a whole.Systems characterized by social ownership and democratic control of the means of production as well as political ideologies theories and movement that aim their establishment.The benefits demonstrate how the nationalization of key industries,redistribution of wealth,social security schemes and minimum wages are beneficial in socialist economic.


Under capitalism workers receive only a small fraction of the wealth that they alone produce, while the lion’s share goes to the capitalist owners and to the bankers, landlords, insurance companies, lawyers, politicians, and all the other parasites who live off the back of labor and perform no useful work.Many people believe that socialism means government or state ownership and control.Politicians and others who oppose socialism say.Some people and organizations that call themselves socialist say it, too—but not the Socialist Labor Party.They don't get paid the same the manager gets more than the workman People are paid according to the quality and quantity of their work.
Socialism explained


For example capitalism economy is a production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations.This economy is creates a noncompetitive with socialism.But capitalism is control by private individuals when socialism is by the community.So it better for all the people to agree then just some individuals.Therefor socialism is better.


socialism is better and more for the economic and for everyone and Socialism only works if the society follows the same morals. The more you put in to it, the more you get out from it.
There's no "hoping" in this system, it's either contributing to do your role or not. The more people contributing, the better the outcome it is for the society. It's not communism nor democratic, it's better. That's why it actually works.