Socialism

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Socialism

• Jammie
• Abby
• Ashley
• Jared

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WHAT IT IS?

• The view that the government should own and
  control major industries.
• The Government owns the making of production and
  wealth.

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country
O
ism'
What countries have socialism?

• Great Britain
• Canada
• Germany

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Advantages

• Women have a strong role in socialist
  governments. They hold the top political jobs.
• Most people work harder
• Foreign investment is attracted as word gets out
  about the new opportunities for earning profit.
• The force of production makes people buy more
  products.

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Advantages

• A great variety of consumer goods become
  available for those who have the money to buy
  them.
• Large parts of the society take on a bright,
  merry and colorful air as everyone busies himself
  trying to sell something to someone else.

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Disadvantages

• Taxes are a heavy burden
• Private businesses are not free to compete that
  would be most beneficial to them.
• Workers are not paid according to their ability
  or skill.

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Disadvantages

• The richer get richer and the poor get poorer.
• There is no middle class in SOCIALISM.
• Economic crimes like stealing money when its not
  available ( sometimes when they are)

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Interesting Facts

• The Socialist Labor Party (SLP) is the original
  party of socialism in America.
• Often referred to as Welfare states
• NAZI

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Clickable Links

• http//en.wikipedia.org/wiki/Main_Page
• www.britannica.com
• www.yahoo.com
• www.econlib.org

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Sources

• www.takebackwisconisin.com/documents/glossary.htm
  
• www.mcwdn.org/economics/ecoglossary.html