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Dangerous. Privatized Social Security means the contributions would be paid to, and the funds managed by, one or more private investment firms, rather than managed by (and backed by) the federal government. The investment company would be run on a for-profit basis (which the federal government does not do), meaning investors would make money from ordinary workers' contributions, a practice with a built-in conflict of interest detrimental to the worker.
If Social Security had been privatized when the Stock Market crashed in 2008, it would have been disastrous.
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Does Private enterprise have a greater role in socialism than in communism?
YES
Is the philosophy that advocates public rather than private control of property?
socialism.
What is the philosophy that advocates public rather than private control of property?
Socialism advocates for public rather than private control of property. It believes that the means of production, distribution, and exchange should be owned or regulated by the community as a whole, rather than by private individuals.
What is mixed socialism?
There can be no such thing. Socialism (classless stateless society based on production for use) cannot be mixed with any other system.
Is socialism gives the government more control than communism true?
False, communism when actually employed in government is much more controlling than standard socialism. Communism is an extreme version of socialism. Under communism, private ownership, private property & business ownership is forbidden. Fascism is a less extreme version of socialism. Under Fascism, business & property ownership is allowed but controlled & directed by the government.
What is the 3 factors of economic systems?
Capitalism: free enterprise and private ownership Communism: high taxes, no private property Socialism: same as communism)
Economic and political philosiphy that favors public or social instead of private control of property and income?
socialism
How do communist and socialist political theories differ?
Communism is an extreme form of socialism and permits no private property.
Was a form of socialism in which the means of production would be owned by the people and the private property would cease to exist?
Communism
List two differences between the capitalist and socialist ideas of private property?
Capitalism and socialism both respect private property. Communism is a form of socialism where all 'means of production' are publicly owned--that is factories, farms, mines, etc. But socialism itself respects property rights. Capitalism, when it runs amuck as it has in the US, tends to see property rights as being above human rights or civil rights. Because the rues are dictated by the property-rich. But putting property above people is not inherent in capitalism, usually.
What was a form of complete socialism in which the means of production would be owned by the people and private property would cease to exist?
Communism
Is the US on the road to socialism?
No. While the United States government is espousing policies further to the left of what had been a decade earlier, they are a far cry from Socialism and are often trying to seek capitalism and private ownership with some governmental intervention rather than direct government ownership or management (which would be socialism).
