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Socialism: Economic Cancer
One of the most baffling things I find is the idea that Socialism is a logical Economic choice.
Socialism is a subject that receives a lot of praise and scrutiny from all sides of the political spectrum. It’s no secret, the younger generations favor Socialism, but do they truly know what it is and why it inevitably leads to economic collapse?
Needless to say, many people who claim to favor Socialism are naive to what it truly entails.
Breaking Down Social Policy
Although socialism comes in various forms, they all hold the mutual trait of communal ownership. Most forms of Socialism claim the means of production, distribution, and exchange are a public matter and value is created through the labor used to produce goods. Many early interpretations abolished a monetary system and goods were distributed via a central entity, usually a central government. This posed as an obstacle when conducting more complex forms of trade because it lacked the proper accounting system. Due to the hurdles early systems of socialism encountered, new forms of social theory were born, more notably Market Socialism.
When people think of socialism, they usually think of market socialism because…
