Socialism refers to a broad set of economic theories of social organization advocating public or state ownership and administration of the means of production and distribution of goods, and a society characterized by equal opportunities for all individuals, with a fair or egalitarian method of compensation.
Socialists mainly share the belief that capitalism unfairly concentrates power and wealth among a small segment of society that controls capital, creates an unequal society, and does not provide equal opportunities for everyone in society. Therefore socialists advocate the creation of a society in which wealth and power are distributed more evenly based on the amount of work expended, although there is considerable disagreement among socialists over how, and to what extent this could be achieved.
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In this day and age it almost seems workable, does it not? As the definition says, there is disagreement as to what extent this could be achieved, but if you are one of the many who are out of work and with little hope, it almost sounds like a plan.
Hey, capitalism doesn't seem to be working. If you have another view, let's hear it.
ReplyDeleteBut then the pharmaceutical companies wouldn't be able to charge $90 for a pill that cost them $.03 to manufacture. I know: research and development! I'll hop on board.
ReplyDeleteHeh...I worked for a pharmaceutical company and was given 3 times the amount of the written prescription. They probably STILL came out ahead of the game. Welcome aboard!
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