Economics : The Great Famine

Socialism along with many other ideologies has a vast number of different strands and with a couple of different roads to achieving what is fundamentally socialism. Socialism being the ideology that utilises collectivisation to bring people together and to unite people by their common humanity. The two most obvious roads of socialism would be that of revolutionary socialism and also that of evolutionary socialism. This are taken on by two different types of socialists, revisionist socialists and fundamentalist socialists. Revolutionary socialism is the belief that capitalism can only be overthrown by revolution against the current political system. To them

Socialism is the underlying motivation behind communist movements in history. Socialists believe that it is unjust for a small amount of people to own the biggest portion of the wealth in society. This idea lead to the concept of a communist society, in which the existence of private property is eliminated in favor of government-owned property being shared among all it’s people. The government would provide jobs and care for all people equally. The idea was that through communism, there would be no social classes, thus eliminating alienation for any of the people in the society.

Socialism is a form of a command economy where the government decides what goods are to be sold, how to produce the goods, who has access to the goods, and who owns and controls the factors of production. Some examples of socialism today would be France, Sweden, and India (Pride 17).

In Socialism, I think life can be better for everyone. The wealth of our country would be equally distributed among each other. No one will be living on the streets or be homeless. There was this article called Socialism, American-Style by GAR ALPEROVITZ and THOMAS M. HANNA that showed an important point. ‘Such “socialism, American style,” can produce odd reversals of conservative-liberal political

Throughout Europe, people of all different classes and moralities had different views of socialism and how it should be achieved/expressed throughout time in that area. An economic and political system based on collective or state ownership of the means of production and distribution is known as socialism. Socialism branched from Republicanism in the early 19th century, because people came to disapprove unequal distribution of wealth and goods. Socialists wanted equal rights for all, but they were opposed to upper class people who received more income for less work with little impact on society. A socialist economic system is the representation of attempting to eliminate economic inequalities and exploitation. Goals of this would be ending

“From each according to ability, to each according to his contribution”, is socialism’s slogan. Socialism is a social and economic system characterized by common ownership, democratic control, and production for use only. Common ownership means that the resources of the world are owned by everyone thus, nobody can take control of resources beyond their personal belongings. The concept of democratic control means that everybody in a society has the right to participate in the social decisions that affect them. Production under socialism is directly and entirely for use. For example, everyone receives their share of production based on how much they have contributed. After a percent of their share is deducted to go to the common good, workers receive their share of production. Examples of common good is transportation and education, but common good is also used to help those who cannot directly play a part in production like elderly people or children. Socialism works under the assumption that everyone is willing to

“Socialism is a system or theory in which the government owns and controls the means of production (as factories) and distribution of goods.” (Arnold, 2016). Some people would prefer a socialist country as they have a say in what happens to the productivity and economic decisions. Countries that live in such a society have the advantages of elimination of unemployment as well as economic equality (relating to taxes and welfare). During the ‘Great Depression’ in the early Thirties, when all countries of the world were under the grip of depression and unemployment, Russia was markedly unaffected by the worldwide depression; the reason being the socialistic type of economy which protected against business end economic instability. (kudya, 2017) a socialist country has some disadvantages along with their merits, a few examples are the loss of efficiency and productivity securing labor efficiency is difficult in socialistic country workers don’t get paid by productivity, in fact, everyone gets paid the same income so why would a labourer

It is the economic system used by a government that regulates only certain businesses for the welfare of the citizens. The government normally only regulates housing, education, food, and medical issues. Since that is all the government regulates, private citizens are allowed to own businesses. However, the income of these businesses is controlled thru taxes. The strength of socialism is that the government has more control over businesses and can regulate what happens in them. The weakness is that people interested in owning a business in the area of housing, education, food, or medical issues cannot. All the three economic systems are different in unique ways.

Means of production are socially owned and used to meet human needs instead of to create profits. In the idea of production, society will flourish if production is equally demanded from all parties. As long as society is working together as a whole to produce for the society and not for each individual, socialist ideals are being followed. Once society starts to work towards one’s own prosperity, socialism is out and it is thought by socialists it will begin in “stunting our manufacturers” (Document 5). The socialist production throughout society is to better the entirety of the country, not individual wealth. Edouard Bernstein had ideas on socialism, the increase in production and “freeing of trade unions” were big ideas of socialism (Document 11). The government needed stepping in when production was low to better help the

Socialism is defined as a centrally planned economy in which the government controls all means of production. Basically, the government is in control of all business in the country that adopts it as an economic strategy, in our case, The United States of America. Now when we dissect this idea of socialism we find that there are to thought processes behind it. Some truly believe that socialism could truly be the answer to the problems of our nation, both economically and morally. These people try to push socialist policies in hopes of helping the nation and they are doing so with the purest of intentions. However, there are also the people who completely understand what socialism leads to, and want nothing more than to gain while others

Socialism Violates personal freedom. It eliminates “injustice” by transferring rights and responsibilities from individuals and families of the state. It completely stops true

As mentions before socialism is the doctrine that espouses public ownership or control of a major means of production. It aims to achieve an equitable and efficient distribution of social goods and greater economic planning then exist under capitalism. Although the central concerns of socialism appears to be economic its ramifications extend to the moral, social and political realms, in fact together with nationalism, it is the leading ideological and political movement of the 20th century.

Within “Famine, Affluence, and Morality” Peter Singer delves into the topic of famine; specifically, the moral obligations individuals in affluent countries have to those who are suffering. In his example, Singer focuses on the population of East Bengal, and their struggle with famine and extreme poverty. Singer proposes that with enough aid from both individuals and various governments extreme poverty can be eradicated. Therefore, the question he presents is why poor people are dying while affluent people are spending excess money on luxuries? Singer argues that affluent people, living in affluent countries, are not helping developing countries by failing to give enough to alleviate extreme poverty.

market protections and economic safety nets provided by socialist policies make for a better quality of life for the average person. Corporate executives and wealthy stockholders, free of limitations and consequences from their actions make economic decisions that act on the lives of millions of people (Democratic Socialists of America 1). Socialist policy can give more control over what is done with resources and money. Democratic socialists believe “social and economic decisions should be made by those whom they most affect” (Democratic Socialists of America 1). Many socialists advocate for concepts such as worker-owned cooperatives or publicly owned enterprises that are run by workers and representatives of consumers. “Under socialism, the means of production are not privately owned, and one of socialism's defining features is the role the government plays in controlling the means of production by having a centrally planned economy” (“Preface to ‘What Are Some Concerns About Capitalism’” 1). The power of workplace unions has diminished in recent times and with that workers may not have much control over how they are employed. “The government could use regulations and tax incentives to encourage companies to act in the public interest and outlaw destructive activities such as exporting jobs to low-wage countries and polluting our environment” (Democratic Socialists of America

Accordingly, one idea or fact that is often raised to differentiate socialism from communism is that socialism in general is the political movement that refers to an economic system in that they believe that the state should be in charge of all important producing industries thus taking hold of the control of free market in order to promote economic parity and egalitarianism. Theoretically, socialism seeks to distribute wealth equally among its citizens in a way that the rich don’t take