Question

In: Economics

Examine communism and socialism. We hear so often today that socialism and communism are the same...

Examine communism and socialism.

  • We hear so often today that socialism and communism are the same thing. Examine the similarities and differences between the two.
  • Why do so many Americans seem to hate even the word "socialism"?
  • We already employ some socialism in this country today (and for the past several decades). Examples include libraries, police departments, public education, Social Security, Medicare/Medicaid, public parks, roads/highways, and so on. How do these services factor into arguments for or against socialism?

Solutions

Expert Solution

Socialism is the base for Communism. Both systems require government control that ensures the people have little say.

Some say they are the same but they aren't

Ideology

Communism: All people are equal, that is why social classes do not make sense. The government must own all means of production (including land). People must work for the government, and the collective results need to be equitably distributed.

Socialism: All individuals must have access to basic consumer products and public services to enable people's fulfillment. Large industries are the result of a collective effort. It is for this reason that the resulting benefits must be beneficiaries of society in general.

Social structure

Communism: There are no social classes, that is, there are no distinctions between people.

Socialism: Social differences are reduced to almost disappear. Status comes more from political distinctions. There may be some mobility.

Role of the state:

For socialism, the State is a regulating entity of the political and economic system, including the means of production. For communism, it is the state that has political control through the single party and economic control by taking over the means of production.

Private property:

Socialism promotes the idea of ​​a State that regulates strategic means of production, while the rest may fall to private companies. Communism, for its part, proposes total control of the economic system.

Why do so many Americans seem to hate even the word "socialism"?

"Socialism" makes men lose a sense of responsibility, that someone tells them what to do with their life (inadmissible), that the government takes money from them for things that they alone must worry about (health, education, etc.). I consider that morally, there is nothing reprehensible to think like this, although at the level of economy of scale, morality comes to the background.For many Americans, "socialism" is a word that evokes a weakened work ethic, stifled innovation and excessive reliance on the government. For others, it represents a fairer, more generous society. Critics of socialism point to Venezuela as an example of a country where it has failed. People with positive views of socialism cite different countries, such as Finland and Denmark, as places where it has succeeded.

We already employ some socialism in this country today (and for the past several decades). Examples include libraries, police departments, public education, Social Security, Medicare/Medicaid, public parks, roads/highways, and so on. How do these services factor into arguments for or against socialism?

These services put socialism in a good place. Look, we live in a hybrid society, along with every other society in the world to their own varying degrees. Any country in the world exists without, at the bare minimum, police, firefighters, libraries, and public roads. Socialism essentially boils down to the things that the citizens demand and the leaders must deliver lest they be deposed. These deliveries can only be done through taxation, hence socialism is when everyone puts capital in the pool for the benefit of all.


Related Solutions

Choose either free market, democratic socialism, socialism, or communism. Limit your answer to 7-12 sentences if...
Choose either free market, democratic socialism, socialism, or communism. Limit your answer to 7-12 sentences if possible. “Based on my prior and current knowledge, I support a country that adopts a ____________ economic system because…”
We will often hear that a candidate’s lead is “outside the margin of error” at a...
We will often hear that a candidate’s lead is “outside the margin of error” at a 95% confidence level. What does this mean? Why is it dangerous to make predictions “within the margin of error”?
According to Marx, what is the difference between socialism and communism? How did Marx think that...
According to Marx, what is the difference between socialism and communism? How did Marx think that a nation would make the change from socialism into communism.
We live in a fast-changing world. We often hear that innovation is what’s needed to address...
We live in a fast-changing world. We often hear that innovation is what’s needed to address the global challenges and local issues that we’re facing, to seize new and unexpected opportunities as they arise and to make our world a better place. Therefore, new invention derived from research developments, technical knowledge and tools independent of product and service initiatives. a. Compare disruptive and sustaining technologies. Support your answer with relevant examples. b. Explain how the Internet and WWW caused business...
We often hear news of how a food or specific nutrient “causes” cancer. Is this a...
We often hear news of how a food or specific nutrient “causes” cancer. Is this a valid statement? To answer this, address where in the three steps of carcinogenesis foods/nutrients are most likely to have an effect. Provide specific examples to support your answer.
We often hear about how impressionable children and teenagers are, and how negative images in the...
We often hear about how impressionable children and teenagers are, and how negative images in the media can influence their minds. What about individuals in early adulthood? In your readings this week you explored the topics of eating, dieting behaviors, and weight. As a medical professional, what can you do to help positively influence your patients to be body-positive while maintaining healthy eating, dieting and exercising habits?
Is the divorce rate actually 50% as we often hear? Discuss what makes for a happy...
Is the divorce rate actually 50% as we often hear? Discuss what makes for a happy and satisfying relationship? Does cohabitation before marriage increase the likelihood of staying together? Discuss domestic abuse. What is it? Are there different types of abuse? What are the symptoms? How prevalent is domestic abuse? What age group does it affect most? Did you learn anything new on this topic that stood out to you? Please share with us! What do you consider to be...
1. In much of life we hear of the relationship of cost to benefit, so too...
1. In much of life we hear of the relationship of cost to benefit, so too does it exist in accounting. In the conceptual framework, the cost-benefit relationship is referred to as the pervasive constraint. This means that the benefits to be derived from providing certain accounting information should exceed the costs of providing that information. Discuss the difficulty in applying this constraint to accounting information.
How is it that we are able to hear sounds? Why are we able to hear...
How is it that we are able to hear sounds? Why are we able to hear different pitches of a particular frequency ( e.g., an ambulance approaches you then recedes from you)?
Is the divorce rate 50% as we often hear? how prevalent is domestic abuse? What age...
Is the divorce rate 50% as we often hear? how prevalent is domestic abuse? What age group does it affect most?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT