Politics quiz: Socialism

Question 1

define what socialism is and give an example:

Answer 1

• its an umbrella term under which there are many ideologies.
• ex: communism, social democracy, democratic socialism

Question 2

• there are characteristics common among the ideologies that fall under socialism. what are they?

Answer 2

1. Planning
2. common ownership
3. Equality of result
4. selflessness

Question 3

Explain the Planning aspect:

Answer 3

• suspicious to outright opposed to capitalism.
• there is a belief that greater human happiness can be achieved via economic planning of the economy by gout.

Question 4

Explain the Common Ownership aspect of socialism:

Answer 4

• productive property, such as factories, as well as, communications and transportation networks should be controlled or owned by the state.
• Why? because the profits go to gout. and thus, by extension, the people (as a whole) rather than to a few inds. as they would under unregulated capitalism.

Question 5

Explain the Equality of result aspect of socialism:

Answer 5

• much can be done to address social and economic inequalities in society.

Question 6

Explain the Selflessness aspect of socialism:

Answer 6

• Inds. are born selfless but are corrupted by flawed institutions (like unregulated capitalism) once characteristics 1-3 have been implemented, people will revert to being selfless.

Question 7

explain 1 + 2 = 3

Answer 7

if you add together the idea from planning and common ownership it will end with equality of result and selflessness.