Mostly, it tends to kill individual ambition. If all are giving to the collective, there is no recognition of individual effort. So slackers float along like a sea anchor. Drag down the progress. The...
Socialism is unrealistic, not to mention that it is virtually impossible to achieve equality within modern societies. Socialism might redistribute some of the wealth of the richest members of society...
Advantages--people's needs are a priority. Food, housing, education and health are paramount in a socialist society. You would not have million dollar mansions subsidized and lying vacant while...
Disadvantages of socialism: The lack of a profit motive lowers the incentive to invest in further production and capital as in capitalism. Socialism focuses on coordination and cooperation of...