Tenets Of Socialism

Socialism was defined by prominent 20th century novelist Upton Sinclair as being, “...a bird with two wings. The definition is ‘social ownership and democratic control of the instruments and means of production.’” This particular political ideology favors collective ownership over private property and equal opportunity rather than class, as well as a handful of other principles. Socialistic thought has existed since antiquity, some even going so far as to claim that the works of classical Western philosophers Aristotle and Plato contained elements of socialist thought. From Abū Dharr al-Ghifārī, a companion of prophet Muhammad, to Marx, to Sen. Bernie Sanders; socialist thought has manifested itself in many different shapes in many places and
One such quality is the ideal abolishing of commercial monopolies through the regulating of price towards one that is affordable for all citizens. Another benefit that results from an ideal socialist society is the dissolvement of class. Ideally under a balance in wealth and earnings upper and lower classes would all meet and form one unified class. Equality is perhaps the largest tenet of socialism. This can be observed through examining key socialist ideas like education for all and healthcare for all. Ultimately equality is sought through the reappropriation of wealth/labor and subsidization of public services. It’s easy to get lost in the daydream of socioeconomic equality, but socialism has some downsides as
When the government can decide where you live, how much you earn, and what healthcare you receive; there’s a lot that can go wrong. Imagine if, due to government mismanagement, medical malpractice was as commonplace as potholes in a poorly maintained government road. The result could be a terribly inefficient and low quality healthcare or education system, depending on the type of subsidized government service. Another flaw of socialism is a higher tax rate. All the new subsidized services aren’t going to be free, and the result could be much higher taxes. A lot of people disagree with high taxation, especially when they don’t want to support varying government services.Yet another criticism stands out when one proposes a scenario in which the proletariat gain too many rights and push over the limit wages on their employers. This would put a strain on the economy that may entail unwanted consequences like inflation. One critic of socialism, Milton Friedman, argued that in the absence of private economic activity, political leaders would be able to grant themselves coercive power. History has shown corruption to spread in socialist regimes like wildfire, the USSR being a prevailing example. Even supposing a socialistic system to have one-hundred-percent benevolent intentions, unnecessary spending by the government can still be a problem. With the subsidization