Topic: Socialist System
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What are the benefits of a socialist system?
In a socialist system, the government can act without getting all sorts of permissions and having all sorts of hearings. When a hurricane came to New Orleans people had the right to stay or leave. Thousands lost their lives. When a hurrican... Read More »
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What are the main goals of a socialist system?
To provide equality of wealth Read More »
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What is a socialist economic system
Socialism denotes an economic system of state-ownership and/or worker-ownership of the means of production and distribution. Read More »
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Socialist System
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1. a planned economy: better than free market in supplying goods and services 2. Greater equality: too much for rich too little for the rest 3. Ownership of income-producing proeprty by the state rather than private parties: only the state ...
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Just like the way it works in a capitalist economic system,only you work for the GOVERNMENT and not just some fat guy who likes Cheetos.You will still have a normal "boss",only he will be part of the government.
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To provide equality of wealth
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Equity
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Communism
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The socialist system is based on the notion of equality for everyone, everyone has a job and everyone has a place to live. Everyone has to forfeit their class rights in a socialist system. A socialist system has universal health care and de...
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