11-30-2021, 10:16 PM
Socialism is a political ideology that advocates for an egalitarian redistribution of wealth and power in society through the redistribution of society’s means of production and wealth.
Therefore, the outcome is an economic doctrine that calls for public rather than private ownership or control of property and natural resources.
According to the socialist views, individuals do not live or work in isolation but live in cooperation with one another. Furthermore, everything that people produce is in some sense a social product, and everyone who contributes to the production of a good is entitled to a share in it.
A socialist economy features social rather than private ownership of the means of production. It also typically organizes economic activity through planning rather than market forces, and gears production towards needs satisfaction rather than profit accumulation.
In a perfect world, where honorable people/companies could be trusted to abide by this ideology, it likely could succeed.
However, since we do not live in a perfect world, people/companies posessing wealth, would robustly resist
redistribution of their assets/wealth to the general public. The resistance is certainly understandable.
Working to become a socialistic society, would take some years to slowly become a reality. IMO.
Therefore, the outcome is an economic doctrine that calls for public rather than private ownership or control of property and natural resources.
According to the socialist views, individuals do not live or work in isolation but live in cooperation with one another. Furthermore, everything that people produce is in some sense a social product, and everyone who contributes to the production of a good is entitled to a share in it.
A socialist economy features social rather than private ownership of the means of production. It also typically organizes economic activity through planning rather than market forces, and gears production towards needs satisfaction rather than profit accumulation.
In a perfect world, where honorable people/companies could be trusted to abide by this ideology, it likely could succeed.
However, since we do not live in a perfect world, people/companies posessing wealth, would robustly resist
redistribution of their assets/wealth to the general public. The resistance is certainly understandable.
Working to become a socialistic society, would take some years to slowly become a reality. IMO.
Carsman: Loves Living Large
Home is where you're treated the best, but complain the most!
Life is short, make the most of it, get outta here!
Home is where you're treated the best, but complain the most!
Life is short, make the most of it, get outta here!