I'm writing an essay, and I'm struggling a bit for ideas. In other socialist economies, production is controlled by worker cooperatives. What is capitalism, how does it work and who supports it? 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. 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. 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. But hey, they make their bogus accolades without considering the costs. 10 Answers. Exploitation, inequality and hierarchy would be replaced by cooperation and negotiation. The ideology of socialism is explicitly anti-imperial. Socialism describes a variety of economic systems under which the means of production are owned equally by everyone in society. Capitalism vs. Socialism . Not bad for someone held down by racism and the patriarchy. 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. Socialism is a process that eventually makes all the people “equal”, it is a believe that everyone deserves a certain lifestyle. Capitalism is an oligarchical system. 1 decade ago. But it strikes me as fascinating that “capitalism” and “socialism” are back in the popular discussion. To call yourself a Socialism is also a very government controlled system. What Is Socialism? A socialist economic system operates on the premise that what is good for one is good for all, and vise versa. How then does socialism affect schooling in the United States of America? Now let’s look at how socialism – the confiscation and control of the means of production – would affect ordinary and not-so-ordinary people. Some say that Obama's tax plan is considered socialist. 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. 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. The government ends up owning and regulating key aspects of a country. “Each step is carefully crafted to prevent significant protests. Scott Belford from Keystone Heights, FL on April 28, 2014: 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. Economics is a social science that deals with the life-cycle of goods and services. Understanding economics relates to … Answer Save. Rather than commercialism being a subset of capitalism I would describe capitalism as being a subset of commercialism. 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? In some socialist economies, the democratically elected government owns and controls major businesses and industries. 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. How socialism destroys private charity and hurts the poor . 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. Pure Socialism Not for America . What day to day things would it affect? 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.). The people as a whole own the factors of production instead of individual business owners. * Pres­ent-day capitalism is more and more collec­tivist, that is, it increasingly makes its eco­nomic decisions politically. When Democratic Sen. Bernie Sanders launched his 2016 presidential bid, only a fringe few dared to use the label. But the question many Americans are asking is, what is socialism and how will it impact me? 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. One of the government’s current efforts is to improve education and convince people that the government will succeed. Socialism is distinct from but rooted in the ideas put forward by German philosopher Karl Marx in the 19 th century. Other articles in the series can be found here . The word “socialism” is becoming more and more mainstream. Let me now hastily sketch in a few details to support the sweeping statements I have just made. The way capitalism ends defines the terrain on which socialism becomes possible. Really ME, you've found the description of socialism, you read it, don't expect me to do your reading for you. 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. What is socialism, and how does it affect me? Yet, Socialism. ... 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. The answer depends upon how we define “socialism” and to what extent it is implemented. There are all sorts of flavors of “socialism”… ranging from mildly socialistic to full blown government-with-us-for-everything. 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 theory, pure socialism sounds like an ideal system in which no one would exploit another person and everyone would be … 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. You come down firmly on the capitalist side, but see the need for major changes. I'm admittedly not super informed or well educated on socialism. What Would Democratic Socialism Mean for America? Her net worth is estimated at around $600 million. a theory or system of social organization in which the means of production and distribution of goods are owned and controlled … “‘Every child can learn, we mean it and want to act on it. Although she was born in Barbados, the entertainer Rihanna moved to the United States in 2005. Socialism, in contrast, would be based on collective ownership and democratic control of the economy. So how many linked in members would be "gone" in your estimation? How does socialism affect the rich and the poor??? by Brad Polumbo | February 26, 2019 08:09 AM Print this article. 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. Kinda like their estimations that "socialism will work in America" mantra. The "European Nightmare" produces greater happiness than the "American Dream" Posted Jun 28, 2016 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. Favorite Answer. Basically money is taken/taxed from the rich and dispersed down to the poor. Why would it be and what are the cosequences? Under a socialist system, everyone works for wealth that is in turn distributed to everyone. Remember the story of the frog in the warming pot of water. So a hot topic issue would be health care. Relevance. The answers to these questions can help explain so much of what it means to live in the United States. It improves upon it by providing a direct route between citizens and the goods and services they want. 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. 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. 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. Socialism. At the base level, socialism simply means strict government control over the economy. Anonymous .   Socialism was anti-imperial. Proponents of socialism say their system evolves from capitalism. Not only are a growing number of young people sympathetic to the idea, but many politicians are actively pushing policies to advance it. 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. Be health care how we define “ socialism ” are back in the warming pot of water, inequality hierarchy! 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