Socialism, social and economic doctrine that calls for public rather than private ownership or control of property and natural resources. According to the socialist view, individuals do not live or work in isolation but live in cooperation with one another.
The main features of socialist economy are as follows:
(i) Collective Ownership
(ii) Economic, Social and Political Equality
(iii) Economic Planning
(iv) No Competition
(v) Positive Role of Government
(vi) Work and Wages According to Ability and Needs
(iv) No Competition
(v) Positive Role of Government
(vi) Work and Wages According to Ability and Needs
Our society has to decide if they want a Socialistic Government or a Democratic Republic Government which is what we have now... In many ways, we have already embraced Socialism because anything that is public is, in fact, a form of socialism...
Examples of Socialism currently existing in USA:
- Guaranteed public education
- Public transportation
- Fire departments
- Police departments
- Public libraries
- Every branch of the US military
- Roads & highways
- Social Security
- Medicare/medicaid
- Public, not private prisons & jails
- Public hospitals
- The Veterans Affairs Administration
- Public universities
- Public parks
- Public toilets
- Public drinking fountains
- Public parking
- Public everything.
Warning:;;} those individuals who are already wealthy will remain wealthy regardless of whatever political system that the general public decides to implement. Not only will their wealth continue but it will be handed down from generation to generation because their money has been deposited in offshore bank accounts in the Grand Caymans that are not subject to the income tax laws of the USA...
