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snow_lady [41]
3 years ago
5

What are the pros and cons of socialism?

History
1 answer:
tino4ka555 [31]3 years ago
3 0

Pros- Better education opportunities, minimum wage, socialism can provide minimum basic income, may improve conditions of the general public, free healthcare, welfare state

Cons- History shows that socialist regimes often fail, people may get lazy, higher taxes for people who earn high salaries, too much power for politicians, sovereign default, investors may refrain from investing in socialist countries

hope this helps

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