Socialism what's wrong with it?

Question

I am going to state here what for this will be considered Socialism.

1)Heavy Industry/Banking Controlled by the state
2)Private stores, services, ect controlled by the people
3)Utillities and health care controlled by the State

Now from an American perspective it seems like that is a little bit too communist but what's wrong with it. If the People still have control of the large part of the economy but the State can up Heavy industry directly in times of high unemployment and with control of the banks they can easily catch corruption as they have access to all the records. Owning both of these things would inevitably reduce taxes because it is putting the profit back in the hands of the government so the people get something for their money. Why are you so paranoid America, is it residual Cold war. or are you just content to live in your slums whilst the CEO's sit in their gold plated offices

heavy industry = production.

Take a look at Canada with its Socialist health care. Doctors are still paid well.

It's NOT communism people. There is communism under a socialist name but there is socialism where people can own certain properties and the Government controls others that's what i'm talking about.

Answer 1

Well, I see nothing wrong with it at all. However, if you were to look at the way the former communist countries were run, then you'd probably understand why there's such an uproar amongst some people. The way those countries were run pretty much proved that Socialism looks good on paper and is a nightmare when practiced. Some of it is residual Cold War and some are just threatened by change and some were raised to be staunch anti-communists.

Answer 2

First of all, banking is already highly regulated (post-1929), as are utilities.

Socialized medicine does not work. What we REALLY need is tort reform.

Regardling heavy industry, which you don't define, if it worked so well, why did certain European governments privatize their state run businesses? Britain comes to mind under Thatcher with British Airways.

My problem with socialism is that it stunts creativity and innovation from a process standpoint. What incentive is there to make things work better if you will either be taxed on it heavily or have the government take your creation and give it away.

And I don't live anywhere near a slum. Most people don't.

You also make the incorrect assumption that government can run things with equal or greater efficiency than private concerns.

They can't.

Besides, what guarantee, if any, is there that the government run entities will be held accountable, and what happens if they are found to be corrupt? What then?

Answer 3

Under Socilaism, the first of these makes it harder for heavy industry and banking to pay the workers. The "paranoia" that you accuse Americans of having about it, is more than just "residual from the cold war" as you put it. I's a result of knowing about the tyranny of communism throoughout the 20th Century, not to mention the rhetoric they use, among them calling themselves "Socialists," and bragging about it's phantom glory. Furthermore, not as many Americans live in slums as you think we do.

Answer 4

You bust your butt 4 yrs of college 4yrs med school 1yr internship 2yrs residency now youve done all of that and are ready for a lucrative private practice in the affluent malibu california where you will have lots of money a nice car a great home a generaly wonderfull life you deserve it 11 yrs of study takeing crapp and poverty you deserve it oh but no you have to work for the state providing medical care to folks who spent thier youth doing crack and living off the system and for your services you will recieve a monthly stipend a chevy cavalier (used) and have an appartment about the size of a walk in closet wow lets be socialist whats wrong with that .

Answer 5

So, run for office. I just don't like the idea of one person having sole control of the country. Find a good mix of Socialism and Democracy and I would be very perceptive. With power comes the desire to exploit that power.

Answer 6

Let's see..........similar to FEMA?