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