Corrie holds master's in elementary education, taught elementary ESL in the public schools for 5 years, and recently was teaching EFL abroad.
A Perfect World
Imagine living in a country where everyone was taken care of and there were no homeless people, no starving children, no extravagantly rich people or seriously poor people. This is the guiding idea behind socialism. Socialism assumes everyone is willing to share their resources and wealth with others. Everyone has what he/she needs and won't go without. Sounds perfect, right? Well, just as with any other societal model, socialism has it's pros and cons. Let's learn about them!
Socialism is a system based on cooperation where everyone works together to provide equally for everyone else. But, socialism differs according to the country. In one country, the people may own properties and resources collectively. The people also make all of the decisions, which are regulated by the government to ensure equality.
Another country may have a form of democratic socialism, in which private property and private businesses are allowed. Citizens are taxed at a very high rate and the money is used to provide services like healthcare, dental care, and education.
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In America, we have a system called democratic capitalism, which is based on competition. Democratic means we get to vote for the leaders of our country; capitalism means that we get to own businesses and land, and there's no limit to how much money we can make.
However, not all countries are democratic or capitalistic. In some countries, the government tries to distribute money and resources equally. However, in countries based on communism, you're not allowed to own land, and the government controls and owns all of the businesses. Socialism falls somewhere between capitalism and communism and tries to include the best of both systems.
Problems With Socialism
While socialism might sound like the perfect system, it does have its problems. One major problem is that socialism assumes that people are not greedy. However, people often are greedy, which messes up the socialistic system of cooperation. Since the government provides certain resources and services, some people, including dishonest government officials, try to take more than their share.
Critics also point out that if your education, food, healthcare, home, and job are guaranteed, why would you ever bother to improve yourself or work hard? All you have to do is meet some basic standards to get the same benefits as everyone else. Do you think this is true? If you knew you'd always have clothes, food, and a home, would you work hard? Keep in mind, you could get fired for not doing your job. But, if you only met the minimum standards for that job, you probably wouldn't be able to buy fun things like tablets or toys.
Socialism is a system based on cooperation where everyone works together to provide equally for everyone else. Socialism differs from communism, where private businesses and property are not allowed. As a system, socialism can take different forms in different countries. Some countries have a form of democratic socialism, in which private businesses and private property are allowed. In America, we have a system called democratic capitalism, which is based on competition. Democratic means we get to vote for the leaders of our country, while capitalism means that we get to own businesses and land, and there's no limit to how much money we can make. Which form of government do you prefer?
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Socialism Lesson for Kids: Definition, Explanation & Facts
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