Give any two features of socialism ?
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1. THE DESTRUCTION OF CLASS DIVISION
Under capitalism, people are divided on the basis of class. There are the 1%, who own the wealth and the means to produce wealth, and the rest of us, the 99%, who sell their labour to produce profit for the 1%.
2. REAL PEOPLE-POWERED DEMOCRACY
Democracy under capitalism is an illusion and not a participatory system of government. The interests of the 1% are also reflected and reinforced in the media over the interests of ordinary people. Politicians answer to corporate interests while the bureaucracy, judiciary, police and armed forces are unaccountable.
Under capitalism, people are divided on the basis of class. There are the 1%, who own the wealth and the means to produce wealth, and the rest of us, the 99%, who sell their labour to produce profit for the 1%.
2. REAL PEOPLE-POWERED DEMOCRACY
Democracy under capitalism is an illusion and not a participatory system of government. The interests of the 1% are also reflected and reinforced in the media over the interests of ordinary people. Politicians answer to corporate interests while the bureaucracy, judiciary, police and armed forces are unaccountable.
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HEY MATE......
1.Definite Objectives:
A socialist economy operates within definite socio-economic objectives. These objectives “may concern aggregate demand, full employment, satisfaction of communal demand, allocation of factors of production, distribution of the national income, the amount of capital accumulation, economic development…and so forth.” For achieving the various objectives laid down in the plan, priorities and bold targets are fixed covering all aspects of the economy.
2. Freedom of Consumption:
Under socialism, consumers’ sovereignty implies that production in state- owned industries is generally governed by the preferences of consumers, and the available commodities are distributed to the consumers at fixed prices through the state-run department stores. Consumers’ sovereignty under socialism is confined to the choice of socially useful commodities.
1.Definite Objectives:
A socialist economy operates within definite socio-economic objectives. These objectives “may concern aggregate demand, full employment, satisfaction of communal demand, allocation of factors of production, distribution of the national income, the amount of capital accumulation, economic development…and so forth.” For achieving the various objectives laid down in the plan, priorities and bold targets are fixed covering all aspects of the economy.
2. Freedom of Consumption:
Under socialism, consumers’ sovereignty implies that production in state- owned industries is generally governed by the preferences of consumers, and the available commodities are distributed to the consumers at fixed prices through the state-run department stores. Consumers’ sovereignty under socialism is confined to the choice of socially useful commodities.
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