Post by geriatrix on Feb 26, 2016 13:48:26 GMT
Pro:
This political system allows the government to better ensure the survival of its citizens by providing for them in every way. Those that cannot participate in the economy because of disability or other ailments are still cared for by the government. Because everyone's personal needs are met under this system, it offers more opportunities for citizens to pursue educational endeavors in math, arts and science. This promotes a more educated society.
Another reason why some people believe socialism is the ideal economic arrangement is that it prevents the rich from exploiting the poor because there are, technically, no rich and no poor. As long as the ruling group is fair, everyone gets a just and equal chance in life.
Con:
One of the main reasons that many people argue against the socialism debate is that the ruling party rarely ends up treating all citizens fairly by making the decisions necessary for everyone to get that a just and equal chance. A higher social class still does emerge; the ruling government has all of the power and citizens effectively have no say in the economic pursuits of the nation.
Many people are also of the belief that it is a basic human right to own private property, control one's own destiny and compete in the business world. The economic planning associated with socialism is an infringement on individual liberty. Others also argue that this type of economic system is infeasible because those in power lack the information to even perform the calculations used to determine production needs and such. There are no price signals like there are in a free market economy.
This political system allows the government to better ensure the survival of its citizens by providing for them in every way. Those that cannot participate in the economy because of disability or other ailments are still cared for by the government. Because everyone's personal needs are met under this system, it offers more opportunities for citizens to pursue educational endeavors in math, arts and science. This promotes a more educated society.
Another reason why some people believe socialism is the ideal economic arrangement is that it prevents the rich from exploiting the poor because there are, technically, no rich and no poor. As long as the ruling group is fair, everyone gets a just and equal chance in life.
Con:
One of the main reasons that many people argue against the socialism debate is that the ruling party rarely ends up treating all citizens fairly by making the decisions necessary for everyone to get that a just and equal chance. A higher social class still does emerge; the ruling government has all of the power and citizens effectively have no say in the economic pursuits of the nation.
Many people are also of the belief that it is a basic human right to own private property, control one's own destiny and compete in the business world. The economic planning associated with socialism is an infringement on individual liberty. Others also argue that this type of economic system is infeasible because those in power lack the information to even perform the calculations used to determine production needs and such. There are no price signals like there are in a free market economy.
