Essays on Socialism

Venezuela was a once-wealthy prosperous nation that used to be one of the wealthiest-oil rich countries is now going through a dismantling economic collapse. One of the sources claims that inflation out a rate of staggering ten million percent. This demise of a once prosperous...

Socialism is when a population collectively owns and runs all of production and distributes the outcome equally. The owning portion is oftenly delegated to the state while the “distribution” portion usually comes in the form of supporting welfare state to satisfy the communities necessities such...

“Socialism never seems to have any theory of wealth creation, only fanciful schemes for its reallocation,” so why do some economists favor socialism over capitalism if there has not been any sustainable wealth creation over the years and instead economic destruction. Whether or not socialism...

We the people, love freedom. We have been told we love freedom since we were a child, but who really benefits from this freedom? When is it too much freedom? Some would think that it becomes too much when you have the freedom to step...

Although there are many different interpretations of socialism, Oxford Dictionaries defines it as “a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. ” When looking...

The two belief systems are altogether different, they are both financial frameworks dependent on how society should function and its objective. Free enterprise depends on the normal challenge of creation in ventures and ranches for instance while communism is driven by balance with various classes....

Socialism is a way of government that is highly controversial, however it also spread faster and farther than any religion ever did. One of the earliest socialist experiments was New Harmony which was founded by Robert Owen. Joint sessions of congress formed to hear Owen’s...