Make a comparison between individualism and socialism.
Answers
Answer:
In the most literal sense, socialism puts the good of society first, whereas individualism let’s the individual choose their own path (i.e. the individual first).
Now in reality, socialism falls down the path of totalitarianism because in order to redistribute wealth, you need to take wealth. And to take wealth, you will need force. To have force means to have power, and power corrupts. Absolute power corrupts absolutely.
You’ll notice that societies that aim for socialism end up becoming corrupt, where the masses live in poverty equally, while the elite live like kings. After all, if you work hard, only to have that taken away from you, why work hard at all? When that happens, society begins to fall apart. Want to buy a new house? Well that might be a problem because all your money has been taken away.
In an individualistic society (i.e. most western countries), it advocates for personal independence, self-reliance, freedom from government regulation and the pursuit for your own economic goal.
You the individual, are free to pursue whatever goal you desire? Want to become a CEO of a Fortune 500 company, go for it. Study hard, work hard, know who to impress and then you’ll find yourself earning a nice chunk of the company’s profits. With those profits you are free to donate to charity, pay for someone’s medical bills, invest into something else, or buy that nice car you’ve always wanted. The choice is yours.
Answer:
Socialism: Citizens and private groups can own a part of the economy that generates profit. While the theory proposes that in the socialist model, the sharing of wealth will be so abundant that the citizens will not feel any kind of need for private ownership.
Both individualism and socialism seek to establish an equal society through the distribution of resources. Both systems utilize a democratic or participative form of decision-making in their ideal theoretical forms. The key difference between socialism and individualism is how resources are distributed and property held.
While socialism and individualism have similar parts to their ideologies, they are not the same. These theories differ in their view of the role of private industry is the major difference between them.
What is socialism?
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Explain the main ideas of socialism
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