It is an inevitable truth that history will repeat itself. When someone thinks about historical socialist societies; The U.S.S.R, National socialist (Nazi) Germany and Cuba come to mind. As history has taught us; these societies prospered much less than initially intended. Socialism has many fundamental flaws and relies on unrealistic human expectations. The first reason that socialism is a ludicrous political policy is insufficient incentive to workers. Another turnoff towards socialism is the high probability the government can become totalitarian. Finally, the absence of price symbols puts the economy at a disadvantage.
To start off, “People lose initiative to work and enthusiasm to study as doing more isn't rewarded.” (Boundless) It’s very easy to see that a worker's discipline and effort put towards a job is dependent upon the incentive to do it. If all workers receive the same quality of living regardless of quality of work where …show more content…
Goods in the system and services will be difficult to track and no economic growth “Where there is no free market, there is no pricing mechanism; without a pricing mechanism, there is no economic calculation.” (Ludwig von Mises) This puts the economy at a disadvantage because any trade would be more difficult to negotiate and the country as a whole is not uniform with other countries.
In conclusion, There are many drawbacks of socialism. For socialism to be effective the citizens would all have to possess an unrealistic drive of selflessness and gracious in sharing. The lack of incentive toward citizens would cause widespread negligence in work quality. The government in a position that is too susceptible to correction and negative influences. The economy will have a more difficult time prospering or will be almost non-existent. The Cons of socialism are too heavy and the system has a poor track
To start off, “People lose initiative to work and enthusiasm to study as doing more isn't rewarded.” (Boundless) It’s very easy to see that a worker's discipline and effort put towards a job is dependent upon the incentive to do it. If all workers receive the same quality of living regardless of quality of work where …show more content…
Goods in the system and services will be difficult to track and no economic growth “Where there is no free market, there is no pricing mechanism; without a pricing mechanism, there is no economic calculation.” (Ludwig von Mises) This puts the economy at a disadvantage because any trade would be more difficult to negotiate and the country as a whole is not uniform with other countries.
In conclusion, There are many drawbacks of socialism. For socialism to be effective the citizens would all have to possess an unrealistic drive of selflessness and gracious in sharing. The lack of incentive toward citizens would cause widespread negligence in work quality. The government in a position that is too susceptible to correction and negative influences. The economy will have a more difficult time prospering or will be almost non-existent. The Cons of socialism are too heavy and the system has a poor track