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What are the pros and cons of socialism?

In: Socialism [Edit categories]

Answer:

(Note that Socialism, Stalism, communism and Dictatorship are distinct ideologies)

pros

distributes the wealth the wealth more evenly
increases workers rights
decreases poverty
allows for a stable economy
many social programs are based on socialism; food stamps, public housing, public health-care, public education

cons

increased taxes
increased bureaucracy

perceptual cons (these are not cons of socialism in and of itself, but are cons of typical "socialist" governments)

totalitarianism (too strong of government)
infringement of human rights
monarchy (dictatorship)
lack of democracy

Also, note that Socialism can refer to either a political (i.e. government) type, or an economic model. Socialist governments don't have to follow a socialist economic model, and vice versa. Usually, "Socialism" [capitalized] refers to the political form, and "socialism" [lowercase] refers to the economic model.

First answer by ID1127484738. Last edit by Trims. Contributor trust: 96 [recommend contributor ]. Question popularity: 50 [recommend question].

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