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The Pros and Cons of Socialism

Arguably there are plenty of pros and cons of socialism.

Firstly here are the supposed pros of socialism:

Socialism is much fairer than capitalism, and reduces the social, economic, and political inequalities that exist within capitalist societies. Socialism is intended to promote equal opportunities in societies, which are full of inequalities due to the way capitalism operates.

The efforts to make everybody equal in economic, social, and political terms makes socialism more morally worthwhile than capitalism. Socialism reduces poverty, ill health, and other forms of social deprivation. The intention of socialism is to bring up the living standards of the poorest. to actually raise living standards to similar levels as the better off members of they’re respective societies.

Another pro of socialism is that should allow people to achieve their full potential as they go through a better education system as well as being assisted by extensive public services.

On the other hand the supposed cons of socialism are:

Socialism is unrealistic, not to mention that it is virtually impossible to achieve equality within modern societies. Socialism might redistribute some of the wealth of the richest members of society yet it does not eliminate poverty.

Instead of improving the living standards for all socialism actually lowers the income of the richest to be nearer the income levels of the poorest.

Socialism is actually economically inefficient as it puts off entrepreneurs from generating wealth because they usually have to pay higher taxes. As socialism provides the poorest with higher levels of income via social security payments it deters them from working hard, if at all.

Bibliography

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Bromley, Mackintosh, Brown, and Wuyts (2004) – Making the International: Economic Interdependence and Political Order, Pluto Press, London

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Brown C, with Ainley K, (2005) Understanding International Relations 3rd edition, Palgrave, Basingstoke

Comfort N, (1993) Brewer’s Politics, a phrase and fable dictionary, Cassell, London

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Joseph, London

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User Comments
  1. Taylashafe

    On June 2, 2009 at 10:13 am


    i completely agree, great website! :)

  2. Liz

    On July 21, 2009 at 12:45 pm


    WOW, what a load of crap. By oversimplifying the whole idea of socialism you basically ignore the entire CONCEPT!!

  3. Bazza1972

    On August 3, 2009 at 3:48 am


    The concept was not ignored, besides it does not work in practice.

  4. Robert

    On October 12, 2009 at 4:32 pm


    The government has done a great job of using propaganda tools to help convice people that socialism is like communism its not! Socilism has been used it Russia or more correctly USSR during the Cold War and Russia just like Cuba were labbeled as the ultiment evil and everything they believe is evil, just propaganda. Socilism can work if we just give it a try.

  5. Diego

    On October 14, 2009 at 1:18 pm


    So, you just start off by rejecting socialism and writing from there? Nice.

  6. Youknowwhothisis

    On March 23, 2010 at 11:15 am


    How can you praise the pros yet call the cons a load of bull? Just by posting here you are showing that you value your individualism. Guess what you won’t have in a socialist society? You value your business that you yourself created? Too bad, it’s gone. ‘How dare you, and how unfair for you, to have a chance at getting a leg up on anyone by having your own private business?’ … That’s what it will be like. If you want to experience socialism, go somewhere else. But don’t try to ruin this country with your vile ideas.

  7. Bazza1972

    On March 23, 2010 at 4:32 pm


    I am not a socialist, and other readers have thought the opposite that I am capitalist. I am just a cynic after earning some cash.

  8. Anonymous

    On September 24, 2010 at 3:41 am


    The CONS here are the cons for communism not socialism….

  9. WASP

    On November 26, 2010 at 4:46 am


    Of course the quality of life is much higher for the poor as they are not suffering and dying without proper nutrition, healthcare, and other necessities even as their labor is exploited by the rich.

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