Socialism strives to reinforce the idea that everyone is created equally and deserves a community that with treat them with equality. Households with high annual incomes can eat better foods than households with low annual incomes. People with more wealth can access better healthcare options than those who are poor. Many of the disparities that are seen in society today come from communities that are out of balance. As distribution needs increase, work needs increase, and that allows profits to increase for everyone on an equal basis instead of a trickle-down basis from the top. These units are then presented to the workers. Have you ever heard the phrase, “It takes money to make money?” In Socialism, the community takes over the governing of production units and distribution. It strives for equality by any means necessary.
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It doesn’t matter how wealthy they are, what their skin color happens to be, or whatever other label might be used to create division. Because it is a community-based system, equal opportunities are presented to everyone. In 2017, the Trump Administration even began referring to the “Educated” class. How many different classes are in a capitalistic society? There is a wealthy class. Here is a Socialism pros and cons list to take a look at the various potential benefits and challenges that this structure provides. Socialism encourages the democratic ownership and distribution of society’s means of production, attempting to balance the scales so the poor have access to the same resources as the rich. Socialism is often confused with Communism, but the two structures are very different. Then the government would distribute those resources throughout the population so that basic needs could be met. If employed as a government structure, Socialism would have all businesses owned by the government, have all property owned by the government, and all resources owned by the government. This structure advocates for production, distribution, and other economic exchanges to be owned or regulated as a whole by a community.