by Jerkins July 27, 2019
When everyone pays for certain things like health-care. That way, ass holes who smoke or throw there life away dont have to pay fo it any more than any-one else.
by Bob Hope III January 09, 2005
1. Socialism is an economic system based on common ownership of the means of production. Socialism aims at equalizing income. Socialism abolishes private titles in capital, especially publicly traded stock. Citizens of a socialist state each receive a ‘social dividend’ as equal owners of socialized capital. Social dividend payments can be either ‘in kind’ through distribution of consumer goods or through cash payments.
2. Socialism is an economic system that abolishes markets for financial and real capital. Socialism prohibits private speculation for profit. Socialism substitutes central planning of capital investment for entrepreneurial planning. Socialism necessarily leads to centralized economic control by political authorities and is therefore antidemocratic. The political nature of socialism leads to mismanagement of capital investment and declining living standards.
3. Socialism is an economic system that transfers income from wealthy to poor. Socialism operates on the principle of “from each according to his ability, to each according to his need. Socialism entails incentive problems known as The Tragedy of the Commons. Socialism impairs incentives for labor productivity and the care of natural and capital resources. Western welfare-redistributive states constitute limited forms of socialism.
4. Socialism is an economic system where each is responsible for everyone but themselves.
2. Socialism is an economic system that abolishes markets for financial and real capital. Socialism prohibits private speculation for profit. Socialism substitutes central planning of capital investment for entrepreneurial planning. Socialism necessarily leads to centralized economic control by political authorities and is therefore antidemocratic. The political nature of socialism leads to mismanagement of capital investment and declining living standards.
3. Socialism is an economic system that transfers income from wealthy to poor. Socialism operates on the principle of “from each according to his ability, to each according to his need. Socialism entails incentive problems known as The Tragedy of the Commons. Socialism impairs incentives for labor productivity and the care of natural and capital resources. Western welfare-redistributive states constitute limited forms of socialism.
4. Socialism is an economic system where each is responsible for everyone but themselves.
state socialism
1. The USSR and its satellites
2. NAZI Germany
3. Red China
Semi-Socialist Welfare States
1. New Deal/Great Society America
2. The Swedish Welfare State 1950-1992
3. Pre Thatcher-Post 1960 England of the Labor Party
4. Post 1960 West Germany/Germany
1. The USSR and its satellites
2. NAZI Germany
3. Red China
Semi-Socialist Welfare States
1. New Deal/Great Society America
2. The Swedish Welfare State 1950-1992
3. Pre Thatcher-Post 1960 England of the Labor Party
4. Post 1960 West Germany/Germany
by economicsprofessor January 01, 2008
Socialism is opposed to capitalism.
by The Libertarian Socialist March 19, 2010
Exactly what the u.s. needs. But unfortunately various greedy, conservative politicians brainwash society into thinking that socialism is wrong, when really it would benefit the majority of Americans. And no socialism is not by any means fascism. Keep in mind that socialism is an economic system, not a form of government. In fact, socialism is the exact opposite of fascism. you can think of it as taking democracy to the next level. Because if your form of government is already a democracy-(which most socialist countries are) and you have a socialist economic system, not only do you allow freedom of speech and the right to elect representatives into office but you allow your people to decide over certain aspects of the economy. because the government controls all business and the government is controlled by the people, the people have a say in the price of certain goods and services, as well as the salaries of certain occupations. Plus socialism taxes people based on how much they earn and uses the revenue to provide everyone with really nice benefits.
I live in a socialism country. If I am handicaped, it won't be a huge pain in the ass to accquire social security benefits. I have decent pension funds from my job and I will be able to retire at a reasonable age. My health care is payed for mostly by the government and my entire country excels in public education. I enjoy free public transportation and a nice house. The rich have no more political power than I do and they aren't able to monopolize all of the wealth and fuck up the economy for everyone else.
by 8===D----(l) April 21, 2011
Communism is Socialism, Socialism is Communism.
Some people seem to believe they are different, but they are actually the same. I just don't care about either enough to differentiate between them.
Communism, social studies, socialites, communities, and communion are all very similar.
Some people seem to believe they are different, but they are actually the same. I just don't care about either enough to differentiate between them.
Communism, social studies, socialites, communities, and communion are all very similar.
by Sum Yonguy November 10, 2005
A system in which human right is Sacrificed for he "good" of the collective.
in reality it doesnt even help the collective.
in reality it doesnt even help the collective.
socilist: "you produce wealth...we will kill you and Distribute your money amongst the masses...Where'd the wealth go?"
socialism and communism are for the most part the same thing.
socialism and communism are for the most part the same thing.
by Young calgar November 22, 2006