Socialism
: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods. This definition is from the merriam webster's dictionary website. At the risk of sounding objective to the assignment, this is almost exactly how I previously defined socialism. The only difference would be in an additional emphasis on the equal distribution of goods that the definition does not include. I must state that my entire argument of socialism is not comprised of "incentive." That is merely my objective case relative to capitalism. My other main argument against socialism is that the government runs production and distribution of goods. In an ideal sense, how is this at all a people's government? As an advocate of liberty and a economic system run by spontaneous order, I do not believe this would at all be an effective means of production. Without competition, how would the government know what to produce on time? Just look at communist Russia, when people had to wait in line to get simple things.
Well, this is pretty skewed, the world socialism under the communist arm and hammer. This is most likely not from a particularly reliable source. Communism and socialism are completely different political systems and to claim things such as Obama being a communist are purely ignorant. I will not spend too much time discussing it.
I had to do some extensive browsing, but I finally found a positively slanted view on socialism. One thing I have a problem with is the word "hatred". Free market capitalism actually encourages friendliness through the means of buying. If Chris has money and needs paper towels, and Sean has paper towels and needs money, this transaction works out for the better for both of them. Through the intent of improving Chris's life, he has made Sean's life better, as well. How is that hatred? Also, how is it justice, as one of the words associated with socialism, to have a significant portion of a middle class citizen's wealth taxed and given to those who do not work as hard to forward their lives?
Of all the three interpretations, I can say I agree with this one the most. It is undoubtedly slanted objectively towards capitalism. In the ideal socialist sense, the blue shirt man would give his money to the apparent homeless man, but that is not completely the sense. If the blue shirt man were to give his own change to the homeless man, that would be something possible in capitalism, because the blue shirt man has the freedom to do with his money what he pleases. The man being pick pocketed most likely does not want to give his money away, as he might not be of favorable financial well-being. The yellow shirted man does not have a choice, however.
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