advantages = easy for government to get things done because it has so much power, good public services from government like health care, family planning, resource distribution, police, etc
disadvantages = common man's rights are not valuable, government has maybe too much power (can take anyone's land), lack of motivation like communism because people can't rise in the economic tier system
look into china - it's socialist
hope i helped, good luck
2007-01-10 18:55:00
·
answer #1
·
answered by mike m 2
·
0⤊
0⤋
To put it in a very general, simplistic way, the advantage is that there tends not to be such a huge gap between rich and poor (like there is right now in the U.S.) and instead everybody has enough to eat, has health care, a roof over their heads and lots of vacation time, but not a lot of bling bling but no homeless pan-handling on the street either. In other words, the extremes are less common.
The disadvantage is that everyone pays a higher percentage of their income in taxes to support social programs.
Also, the economy tends to suffer over time from decreased productivity. This is because people have less of an incentive to work harder because (a) they probably won't be fired if they goof off, (b) a big chunk of their income is going to taxes anyway.
Socialism should not be confused with lack of democracy. Some socialist countries have been or are democracies, some have been or are autocracies.
2007-01-10 18:57:29
·
answer #2
·
answered by bmi=22 4
·
1⤊
0⤋
Advantages: People working together to make a better society and culture that helps all. For example: Free Health care for all will help keep all healthier.
Disadvantages: Higher taxes, less personal rights to do what you want.
Example: Universal health care will raise your taxes and might reduce your own chance for seeing the doctor or hospital of your choice.
2007-01-10 18:56:56
·
answer #3
·
answered by Anonymous
·
0⤊
0⤋
Are socialistic countries doing better or worse than other countries in the overall big global scheme of things?
2007-01-10 18:52:59
·
answer #4
·
answered by M D 2
·
0⤊
1⤋