“‘Every child can learn, we mean it and want to act on it. When Democratic Sen. Bernie Sanders launched his 2016 presidential bid, only a fringe few dared to use the label. Socialism is a process that eventually makes all the people “equal”, it is a believe that everyone deserves a certain lifestyle. It improves upon it by providing a direct route between citizens and the goods and services they want. To call yourself a How does socialism affect the rich and the poor??? What Is Socialism? Yet, In other socialist economies, production is controlled by worker cooperatives. I will define socialism as an economic and political system, in which the production and distribution of goods and services are regulated or owned by the government. Socialism: Some of the primary criticisms of socialism are claims that it creates distorted or absent price signals, results in reduced incentives, causes reduced prosperity, has low feasibility, and that it has negative social and political effects. Understanding economics relates to … As a 19 year old male still living with my parents, if we had a socialist society how would that change my way of life? Some say that Obama's tax plan is considered socialist. What is capitalism, how does it work and who supports it? I'm writing an essay, and I'm struggling a bit for ideas. This would inevitably impact on how people related to each other and influence social attitudes, as we have seen from the experience of early hunter-gatherer societies. a theory or system of social organization in which the means of production and distribution of goods are owned and controlled … The "European Nightmare" produces greater happiness than the "American Dream" Posted Jun 28, 2016 The people as a whole own the factors of production instead of individual business owners. How then does socialism affect schooling in the United States of America? The way capitalism ends defines the terrain on which socialism becomes possible. “Each step is carefully crafted to prevent significant protests. by Brad Polumbo | February 26, 2019 08:09 AM Print this article. Rather than commercialism being a subset of capitalism I would describe capitalism as being a subset of commercialism. Socialism, in contrast, would be based on collective ownership and democratic control of the economy. ... You see, they say "one thing", but in reality, if that course would set, a domino affect would occur with them being booted out of work. Remember the story of the frog in the warming pot of water. Basically money is taken/taxed from the rich and dispersed down to the poor. Really ME, you've found the description of socialism, you read it, don't expect me to do your reading for you. Given what we know in 2012, saying that capitalism will make a society richer than socialism should be about as controversial as saying the earth is round, not flat. Socialism is on the rise. But hey, they make their bogus accolades without considering the costs. Economics is a social science that deals with the life-cycle of goods and services. Now let’s look at how socialism – the confiscation and control of the means of production – would affect ordinary and not-so-ordinary people. Socialism is also a very government controlled system. Not bad for someone held down by racism and the patriarchy. Under a socialist system, everyone works for wealth that is in turn distributed to everyone. 10 Answers. Most people in America believe in the right of all to an education; however some disagree if it is the government’s job to provide. It is a study of how innovation and finance revolve around the basic human needs and wants to provide products and services to the public. Socialism describes a variety of economic systems under which the means of production are owned equally by everyone in society. Whether you're all for socialism, or totally against it, I'd like you to give me a scenerio on how socialism benefits/doesn't benefit the upper, middle, and lower class. The article below is one of a series on socialism, what it can mean for Americans in the 21st century, and how we might get there. I'm admittedly not super informed or well educated on socialism. 1 decade ago. What is socialism, and how does it affect me? Socialism is distinct from but rooted in the ideas put forward by German philosopher Karl Marx in the 19 th century. Not only are a growing number of young people sympathetic to the idea, but many politicians are actively pushing policies to advance it. Scott Belford from Keystone Heights, FL on April 28, 2014: Those who weren’t alive during socialism’s cruelest catastrophes—or even its many banal failures—will be less put off by the idea. In some socialist economies, the democratically elected government owns and controls major businesses and industries. Let me now hastily sketch in a few details to support the sweeping statements I have just made. Exploitation, inequality and hierarchy would be replaced by cooperation and negotiation. The ideology of socialism is explicitly anti-imperial. The answer depends upon how we define “socialism” and to what extent it is implemented. But with so many people either claiming how horrible it is or how great it would be, what I really want to know is how it would affect ME. Socialism. Socialism in America “would look similar to the current development in the European Union: Small incremental steps over a period of 10–20 years to increase government control over almost every aspect of people's lives. Although she was born in Barbados, the entertainer Rihanna moved to the United States in 2005. Her net worth is estimated at around $600 million. Retirees: 3 Ways the Joe Biden Plan Would Affect You The presumptive Democratic presidential nominee is looking to make several moves aimed at older Americans. Socialism in America got yet another boost last week when Florida Democrats chose "progressive" Tallahassee Mayor Andrew Gillum to be their candidate in the fall gubernatorial election. Capitalism is an oligarchical system. Other articles in the series can be found here . The word “socialism” is becoming more and more mainstream. A socialist economic system operates on the premise that what is good for one is good for all, and vise versa. Anonymous . What day to day things would it affect? Capitalism vs. Socialism . The answers to these questions can help explain so much of what it means to live in the United States. While the U.S.S.R. (which was the face of socialism in the 1950s) was arguably an empire itself, its leading founder, Vladimir Lenin wrote one of the most famous anti-imperial texts of the 20 th century: Imperialism: The Highest Stage of Capitalism. Proponents of socialism say their system evolves from capitalism. Relevance. The government ends up owning and regulating key aspects of a country. At the base level, socialism simply means strict government control over the economy. But the question many Americans are asking is, what is socialism and how will it impact me? You come down firmly on the capitalist side, but see the need for major changes. How socialism destroys private charity and hurts the poor . So a hot topic issue would be health care. Socialism is an economic system where the means of production, such as money and other forms of capital, are owned to some degree by the public (via the state.). Answer Save. Socialism was anti-imperial. There are all sorts of flavors of “socialism”… ranging from mildly socialistic to full blown government-with-us-for-everything. What Would Democratic Socialism Mean for America? In theory, pure socialism sounds like an ideal system in which no one would exploit another person and everyone would be … Kinda like their estimations that "socialism will work in America" mantra. One of the government’s current efforts is to improve education and convince people that the government will succeed. Name me one socialist leader however who doesn’t own several mansions, diamond encrusted Mercedes Benzes, and servants to wash their family jewels—yes, those jewels. * Present-day capitalism is more and more collectivist, that is, it increasingly makes its economic decisions politically. Socialism is a loaded word in the U.S., but Social Security—one of the nation's most popular benefit programs—is wholly government-run. Favorite Answer. But it strikes me as fascinating that “capitalism” and “socialism” are back in the popular discussion. National Socialism is the full term for Nazism (Nationalsozialismus),and thus the defeat of the Nazis at the end of World War 2 destroyed it in any real sense. New Poll Asks Why People Support Socialism and Capitalism Of those who reported a negative view of capitalism, 20 percent say it's exploitative or corrupt. Why would it be and what are the cosequences? Pure Socialism Not for America . Socialism. So how many linked in members would be "gone" in your estimation? I’ll believe real-world socialism isn’t evil hypocrisy when I see one socialist leader that lives on the same income as the people they govern. , only a fringe few dared to use the label more collectivist, how would socialism affect me is turn... 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