Socialism is an economic philosophy which develops as an answer to the different problems presented by capitalism. Advocates of this philosopy claim that unchecked capitalism only deals with short-term goals, such as making profit, so long-term plans in infrastructure, workers, environment, among others, are not considered. Different varieties of socialism tend to strongly disagree with one another, but they all agree on the fact that capitalism, if left unchecked, constitutes a great danger to the economy of a country.
Leninism is a political theory developed by <em>Vladimir Lenin</em>, which comprises both political and economic theories, developed from Lenin's interpretation of Karl Marx's theories. He proposed the organization of a <em>Revolutionary Vanguard Party </em>and the achievement of a Dictatorship of the Proletariat as a prelude to the establishment of socialism. His idea involved turning the working classes against their class enemies.
Social Democracy is a political, social and economic theory that supports interventions to promote social justice. Social democracy originated as a peaceful transition from capitalism to socialism. This theory is associated with Keynesian economics - which advocates the intervention of the government in market economy, state interventionism, and the welfare state. It praises commitment to fighting inequality, oppression of underpriviledged groups, and poverty.
Arguments that appear to be legitimate but are really founded on poor reasoning are known as logical fallacies. They could be the product of unintentional thinking mistakes or purposely employed to deceive others.
Taking logical fallacies at its value might cause to base our conclusions on weak arguments and result in poor decisions. Some of the text relies on the effectiveness of logical fallacies are :
- The Bandwagon Fallacy: Bandwagon fallacies, such as "three out of four individuals think X brand toothpaste cleans teeth best," are something that most of us expect to see in advertising; nonetheless, this fallacy may easily find its way into regular meetings and conversations.
- The Appeal to Authority Fallacy: Having an authoritative person support your claim might be a strong supplement to an existing argument, but it cannot be the main tenet of your case. Something is not always real just because a powerful person thinks it to be true.
- The False Dilemma Fallacy: The false dilemma fallacy claims that there are only two possible endings, which are mutually incompatible, rather than understanding that most (if not all) topics may be conceived of on a spectrum of options and perspectives.
- The Hasty Generalization Fallacy: This mistake happens when someone makes broad assumptions based on insufficient data. In other words, they ignore plausible counterarguments and make assumptions about the truth of a claim that has some, but insufficient, supporting evidence.
- The Slothful Induction Fallacy: This fallacy happens when there is enough logical evidence to conclude something is true, but someone refuses to admit it, instead attributing the result to coincidence or something completely unrelated.
- The Correlation Fallacy: If two things seem to be linked, it doesn't always follow that one of them caused the other indisputablelly. Even while it can seem like a straightforward fallacy to recognise, it can be difficult to do so in actual practise, especially if you truly want to uncover a link between two pieces of information to support your claim.
To learn more logical fallacies refer
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Answer: Canada’s fertility rates have not met the replacement rate of 2.1 needed for stable population growth since 1971. In addition, the life expectancy for Canadians has also increased by more than nine years. In short, Canadians are living longer and having fewer children and less frequently. Without a young population to replace retiring workers, there will be fewer working-age Canadians contributing to the workforce and economy. This imbalance puts pressure on the standards of living, slows economic growth, and creates numerous fiscal challenges. Immigration brings in young families and working-age newcomers. These newcomers fill workplace shortages and contribute positively to the economy. Unfortunately, immigration alone is not the solution to Canada’s ageing and retiring population.
Explanation:
Answer:
Revenue will be used to fund government programs and build infrastructures.
Explanation:
In order to develop a nation, the government need to provide various programs and institutions for the citizens' disposal. They need to exist in order to provide proper ways for the citizens to generate wealth.
For example, Revenue is needed to fund the constructions of public schools. The citizens could use these schools to obtain the necessary education that they need for their jobs in the future. Another example would be providing subsidies for small businesses (such as farmers, local eatery, or small manufacturing company)
