what are the disadvantages and advantages of socialism?

Question

i need 4 disadvantages and 4 advantages. i dont nesscessarily understand the term since the defintion is long and tedious to understand.

Answer 1

I don't think people understand!!! When they want to increase the life of many people, they turn to government!!!! The worst mistake one can make! You have to force humans into competitive markets. Politics are too easily corrupted and if you notice, the people who plead for more social government intervention are the same people who have never picked up a book on economics!!! The quality of government help is autorocious and at the same time the competitive free market has been known to build the best efficiencies ever created! The private sector builds and the government pulls down! I am not saying that people like Hillary are evil, I am just saying they are brainwashed into thinking that the government will be the end all solution to the worlds problems!!! This is not and never will be viable! Instead of people preaching government intervention they should be educating the children to be self responsible, helping them understand economic freedom, and also leading by example! If people stopped and researched the goods and bads of over subsidization, we would have no economic liberals! You cannot overpay for goods and services and expect more technological and medicinal advances! Socialism doesn't work and every nation that goes through this process has paid more dearly than those who have not! America is not on free market healthcare anymore! This is one of the reasons why 35% of people can't afford insurance! It's not that there is too little government, but that there is too much government already! This double headed snake has to be tackled at the root! The addition of branches just makes it strong reducing the hope and strength the people have! I truly believe and would die to make the world a better place. The funny thing is, we shouldn't have to die for it! Human nature builds the best worlds, fighting this nature is actually fighting human nature! As long as conservatives and liberals thirst for control of others, we will never be able to have the best lives! It is sad but true! Competitve markets, not high taxes and big government build the greatest nations, highest average life expectancy, lowest amounts of child labor, lowest unemployment, more goods and services, better efficiency, lower adult literacy rates, lower infant death rates, as well as the greatest growth of income per capita! The problem is nobody ever researches these things! They always look at a politician and do whatever they say should be done! There is a reason that America doesn't have France's debt and 10.2% unemployment rate. There are reasons why France and Sweden's healthcare are starting to decrease in services rendered! There are reasons why Cuba, Venezuela, Africa, and many other socialist type countries are beginning to decrease in almost every category addressed above! Without knowledge these people are left to opinions, bad opinions. When I reject a government intervention they look at me as a devil even though I know I am doing the best thing for the future of society! It is sad to know that people are so bad that we can't even count on government! Many European countries were very rich before becoming socialist and now they are being drained more and more everyday! The downfall of society is not because of greedy people in the private sector, it is because of uneducated voters that pick a side without research! This cycle of life will never stop and there is nothing the few educated people can do to stop it! World socialism is beginning and it will cause more deaths than communism's 100 million murders! The broken window fallacy is applied in almost every case in this example but many will disregard it! It is sad that so many people care, but that very few of those people understand the best way to help! Teach self reliability to your children, help them understand philanthropy! Help them understand why human nature needs to be placed into competitive markets and why governments destroy growth and prosperity, especially for the poor! Help them understand the truth and lies from the politicians words! It is sad but in todays world, many people do not understand how things just have to be! Heaven on earth is not attainable! Never will be! Economic freedom such as Hong Kong will be exactly what is needed to spread religion peacefully as well as giving the best lives possible to the most people! Give freedom to all ~ Libertarian

Answer 2

It's really hard to give 4 advantages and 4 Disadvantages of socialism..I will explain socialism and maybe you can figure it out.

First, socialism is not communism, but communism is a form of socialism. In socialism, the government has a bigger part in the economy than in Capitalism

an Example of the difference...In a city, a road needs to be prepared, in True capitalism, the city coucil calls bids for the job and the lowest price contracting company gets the job a fixes the road,It pays it's workers and keeps any profit.

Socialism.. Road need fixing, City gov't has its own equipment, and workers and they do the work,

Socialism usually has higher taxes because there are Social programs, like free health care, welfare for those who can't/won't work. Subsidized housing for poor people, Unemployment insurance, More companies owned and run by the gov't, Like power companies, insurance companies, pension plans controlled by government, and usually more rules that affect the formation and operation of free enterprise business

When Socialism gets to the extreme of "Communism" All jobs are government jobs, every one has a job, or the opportunity for a job if they want one, and everyone is supposed to be equal and no-one is supposed to rise above others, financially, or socially.

Answer 3

There really aren't any long term advantages to socialism. It creates a massive government structure that gets more and more oppressive as the years go by. In general it causes almost everything to cost more while generating a decline in over all quality. The reasons for almost all the flaws are that it removes incentive from the majority while giving a small ruling minority a princely style of life. Corruption tends to be rampant in all socialist societies.