socialism paper

The effects of Socialism on a region

The United States of America is the world’s oldest surviving federation. With a constitutional republic and a representative democracy, the majority rule regulates and maintains a fair form of democracy for us Americans. Socialism, although, is an economic system where the means of production, such as money and other forms of capital, are owned by the state or public. Under a socialist system, everyone works for wealth that is, in turn, distributed to everyone. Luckily in our democratic nation, you work for your own wealth. A socialist economic system operates on the premise that what is good for one is good for all. Everyone works for their own good and the good of everyone else. The government decides how wealth is distributed among the people. While socialist ideals can be tempting; promising equality, security, and prosperity, I disagree that socialism is an effective means of economic management, as in turn delivers quite the opposite which has been clearly demonstrated throughout history. The effects of socialism are undeniably destructive, as previously observed in other nations. Some effects felt from socialism in regions around the world are the expense’s and cost of socialism, the unenthusiastic and undesirable entrepreneurship of the people, and the worst effect of all, big government. Socialism does not equate work with value. Socialism effects on economies across the globe have been particularly disastrous. By nationalizing productive assets and placing their management into the hands of officials who possess neither the competence nor the motivation to oversee them efficiently, Socialism invariably causes productivity to decline swiftly. Moreover, it causes the people at large to view themselves not as self-sufficient individuals but rather as wards of the state, dependent upon government for every aspect of their well-being, depleting potential entrepreneurs and desires. The free-market economist