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Socialist Economy
Socialist Economy
Most socialist systems also provide citizens with significant social benefits,
including guaranteed employment or unemployment insurance and free or
heavily subsidized health care, child care, and education. Socialism is the
major alternative to capitalism, a system in which most property is privately
owned (by individuals or businesses) and the production of goods and
services, as well as the distribution of income and wealth, are largely
determined by the operation of free markets.
Socialism—defined as a centrally planned economy in which the government
controls all means of production—was the tragic failure of the twentieth
century. Born of a commitment to remedy the economic and moral defects of
capitalism, it has far surpassed capitalism in both economic malfunction and
moral cruelty. Yet the idea and the ideal of socialism linger on. Whether
socialism in some form will eventually return as a major organizing force in
human affairs is unknown, but no one can accurately appraise its prospects
who has not taken into account the dramatic story of its rise and fall
There has developed a diverse array of ideas that have been referred to as
"socialist economics," from forms of "market socialism," which advocate
achieving economic justice through taxation and redistribution through state
welfare programs to the hardcore communists who advocate total state
control of all property and the economy, to the unique Chinese variation
known as "socialism with Chinese characteristics."
3. The existence of a market for consumer goods and for labor (a wages
system)
Also, the four principles clearly define a necessary political condition for a
socialist economics to become a workable reality in any society’s history: A
non-democratic authoritarian or totalitarian regime of one party that can
change the constitution to legally anchor all the above elements. Without
such authority, centralized control by government of the economy cannot be
achieved
ocialism was a term invented (stolen) in 1905 at half three in the morning by
the punk rocker Karl Marx from homosexual French and British intellectuals
of the likes of Henri de Sain Simon. The original socialist position was that
man should apply rational planning to the economic aspect of society, on
behalf of the state, for the benefit of everyone/society/the nation/insert any
group here. Marx later bastardized the term to mean that a dictator of the
proletarian peoples should rule, which means that the most uneducated and
worthless class (the slave workers) should control the economy through the
workers state (or the dictator of the proletarians, who knows better than the
others). Marx was apparently seen downloading vodka porn with several
notable drinking buddies, including Vladimir Nabokov, who was looking to
pick up "biatches n hoes" as the official Socialist history states. (This event is
memorialised in the Marx's introduction to 'The Communist Manifesto', which
stated, 'Even in the dead of Russian winter, the young totty goes out in short
skirts and little dresses. You've got to love it.') By 10p.m., the bar had been
drunk dry. Enraged, Marx smashed an empty bottle on the table and used it
to threaten the barman, asking, 'O, callous defender of the liquor, lined-face
keeper of the drop, where art our divine liquid?' Marx always talked a bit like
that when he was wasted, so it's easy to see which bits of the Manifesto were
written under the influence. Because of this fact, some say socialism is evil
because it gave birth to communism (as well as social democracy, the social
market, welfare, economic planning, nazism, gulags, technocracy, more
human rights, communist parties, workers and consumer rights and
economic liberty).
There is great debate amongst socialists as to what the hell their system is,
which version is right and who the real socialists are. The revolutionaries
want to lynch all the capitalists, for example. The evolutionary/reformist
socialists want society to evolve from capitalism to socialism. The democratic
socialists want to do it through party politics. The Marxists want the
uneducated masses of slave workers to rise up and establish the dictator of
the proletarians. The libertarian socialists like Noam Chomsky hate the state
and the capitalists, while socialists just hate the capitalist businesses and
capitalists just hate the state/socialists. The modern Chinese believe that
capitalism is the best form of socialism with Chinese characteristics. Oh, and
the National Socialists believe the road to socialism is to kill all the Jews,
while the Jews themselves believe the kibbutz is the best form of socialism.
(Well to start I would basically like to state the fact that socialism is
communism for great men) A transcription of a famous (though poor for
laughs) memo by Lenin reads: 'Socialism is the only way of securing human
happiness. The guiding principle of socialism is that death, war, famine,
environmental disaster and the possibility of a Ricky Martin comeback are
bad things and products of capitalism, which must be overthrown. An
enlightened person can easily see that this is true beyond a doubt, and that
beards, choirs, the Dictatorship of the Proletariat, police state, folk music and
massive executions are the solution.'
It turned out that this guy, attempting to profit from organisational chaos
caused by losses in the Russo-Japano-Sino-Chino-Wino-Dino war, had
purchased five crates of vodka to sell on at inflated prices. The angry Marx
formulated the communist doctrine on the spot. Marx later refined his theory
into what eventually became Super Socialism.
The economy will be planned to serve human needs rather than simply profit
and luxury consumption by the rich. This will release the productive capacity
of the economy from the limitations of profit maximisation. A great expansion
in useful production and the wealth of society will become useful.
With socialism, goods and services will be distributed on the basis of from
each according to their ability, to each according to their work. No longer will
monopolists, landlords and speculators live off the labour of others. Every
person will get the opportunity to contribute to society as much as they are
able. Those who work more will receive more income. Those who retired or
are unable to work would be supported from the social fund, while
encouraging them to contribute what they can to socialist construction.
Central Planning.
The main feature of Socialism is central planning which decides the basic
problems like a) what to produce? B) How to produce? C) For whom to
produce? The Central
Planning committee sets the goals for the economy and also he time frame
within
produce socially useful goods without taking the profit margin into
account. Production is increased by avoiding wastes of
competition.
regulated.
the people.
4. Absence of Monopoly: The elements of corporation and monopoly
socialist system.
Demerits of Socialism
given. Any change in the production process will alter the entire