Squaddd With Socialism

By: Seth John Chilano

Advantages Of Socialism

An economic and political system based on public or collective ownership of the means of production. Socialism emphasizes equality rather than achievement, and values workers by the amount of time they put in rather than by the amount of value they produce. It also makes individuals dependent on the state for everything from food to health care. China, Vietnam and Cuba are examples of modern-day socialist societies.

Communism Vs. Socialism

Communsims and socialism are economic and political structures that promote equality and seek to eliminate social classes. Sometimes, the two are used interchangeably, though they are quite different. In theory, socialism and communism sound appealing, with everyone doing their share and working together to provide for the greater good.

Why Socialism is the best

Both sides need to sit in the class of the late, great Jude Wanniski who articulated the key insight when he wrote, “What we should admit to begin with, if we can, is that good socialism is better than bad capitalism. The logic of the statement is really inescapable. It is only when capitalism fails that people and nations resort to alternative forms of political economy. A socialist system that is working well is one that is fully deploying the nation’s resources through a central plan that has the approval of the people.

Who Created Socialism

Although Robert Owen initially was regarded with suspicion as an outsider, he quickly won the confidence of the people, especially because of his decision during an embargo against the United States during the War Of 1812 to pay wages to the workers while the mills were closed for four months.