If you’re keeping an eye on politics: who’s telling the truth and who’s not and which opinion to accept or reject; when you make a decision, you can’t determine the likelihood of what the consequences of the decision may be. Socialism is trying to take a foothold! “Socialism defined: within a country’s economic systems, healthcare, education, corporations or other factions exist in these examples: … The former Soviet Union is an example of a socialist system.
Cuba is an example of a socialist nation. Its economy is state run and it lacks a stock exchange.” Bernie Sanders, former Presidential Candidate and Congresswoman Alexandria Ocasio-Cortez call themselves Democratic socialist. … Merriam Webster’s-dictionary defines socialism as a form of society in which government owns or controls major industries. Marxist theory says socialism is transitional social state between the overthrow of capitalism and the realization of communism. Hot topics” today. Intelligent people want more insight into definitions.
“Socialism was an economic system where the means of production (e.g., factories), capital (i.e., banks), and agricultural land (i.e., farms) were owned by the state. “A political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.” [Merriam-Webster];
“The United States does not have a strictly capitalist economy, but a mixed one. As such, it combines a high level of private ownership of capital and the means of production with relatively onerous regulation and taxation…to the extent that what anti-capitalist Bernie Sanders supporters really want is a Scandinavian-style social democracy, with its high level of wealth redistribution and income equality, they should consider that even some of the most socially democratic countries on earth are, in one crucial way, more capitalist than the United States.
“As many of Sanders’s supporters have repeatedly and rightly pointed out, socialism is not communism. In fact, for most of the 20th century, socialism was understood to be a halfway house between capitalism and communism. Communism was a utopian vision of the future characterized by classless, stateless, and moneyless communal living. What then was socialism? Socialism was an economic system where the means of production (e.g., factories), capital (i.e., banks), and agricultural land (i.e., farms) were owned by the state. Important points to be kept in mind: lack of private enterprise resulted in low economic growth and, consequently, low standards of living.
While income equality was relatively high (if party bosses and their cronies were excluded from the calculations), people in Soviet-bloc countries were much poorer than their counterparts in the West. Nobody has yet figured how to combine genuine socialism with high rates of growth over a long period of time. [The Atlantic’s year in review. Global: Marian Tupy”)Come back! Thanks! Teach the children.
Jeanette Grattan Parker, Ph.D. Superintendent/Founder Today’s Fresh Start Charter School 4514 Crenshaw BL, LA, CA 90043 323-293-9826 Will You Marry Me© Inquiring Minds Want to Know© email@example.com