Socialism

What are the pros and cons of socialism?

Asked on December 29, 2017 in Politics.
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9 Answer(s)

Corruption. Socialism relies on the cooperative nature of people and those in society who are competitive will end up leading to corruption. The great socialist nations of the 20th century can all be found to be rife with corruption not just at the highest government levels but also within the society as it turned citizen against citizen.

con

Answered on December 29, 2017.
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Natural resources. The nation’s natural resources are not controlled by an elite few and are preserved and used for the good of the whole community, Norway is a good example of this. In Norway the government owns the oil sector and uses the money to redistribute wealth amongst the population creating a more prosperous society instead of creating more useless billionaires.

 

pro

Answered on December 29, 2017.
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Private property. The single biggest detriment to socialism is the elimination of the rights of private property. When assets are publicly owned there is no incentives in place to encourage wise management leading to exploitation by the community. This not only occurred in socialist societies of the 20th century but also through history when certain societies tried to implement ‘communes’.

con

Answered on December 29, 2017.
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Do the work you love. Everybody will be tasked with work they are good at and what they enjoy. The tasks that nobody wants to do offer higher compensation to entice people to do it. This may seem to be counter intuitive to socialism but the main goal of socialism is to eliminate oppressive factions of society.

pro

Answered on December 29, 2017.
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Discrimination. All are equal under socialist doctrine and therefore entitled to equal rights, resources and opportunity. Women, minorities and handicapped people are treated according to their ability not on their predisposed traits.

pro

Answered on December 29, 2017.
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Innovation. Innovation comes to a halt under socialism because it does not reward entrepreneurial endeavours. The United States has led the world in innovation since the end of the cold war based solely on the fact those entrepreneurs were rewarded greatly.

con

Answered on December 29, 2017.
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Incentives. There is a lack of incentive under socialism and what this ultimately leads to is a lack in a nation’s most valuable resource: human potential. With lack of incentives in place there is no need for people to foster, promote and nurture themselves and thus improve society.

con

Answered on December 29, 2017.
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Exploitation. Workers own the means of production and all profits are spread amongst all workers. Each according to his ability each according to his needs. Throughout human history there have been systems that exploit certain classes: feudalism, slavery, monarchism, colonialism etc. Economics was always the source of the oppressors power but under socialism the resources are controlled by the majority leading to less chance of oppression.

pro

Answered on December 29, 2017.
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Poverty. Since everybody gets a fair share of the wealth you eliminate poverty in society. In the most successful capitalist societies on earth you still have economic sinkholes such as slums and projects. Rich and poor, however under socialism you have no rich and no poor just a uniform blanket of middle class.

pro

Answered on December 29, 2017.
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