Thursday, 27 February 2014

Criticism of socialism refers to any critique of socialist models

Criticism of socialism refers to any critique of socialist models of economic organization and their feasibility; as well as the political and social implications of adopting such a system. Because there are many models of socialism, most critiques are only focused on a specific type of socialism. Therefore the criticisms presented below may not apply to all forms of socialism, and many will focus on the experience of Soviet-type economies. It is also important to note that different models of socialism conflict with each other over questions of property ownership, economic coordination and how socialism is to be achieved - so critics of specific models of socialism might be advocates of a different type of socialism. The only certain fact about Russian affairs under the Soviet regime with regard to which all people agree is: that the standard of living of the Russian masses is much lower than that of the masses in the country which is universally considered as the paragon of capitalism, the United States of America. If we were to regard the Soviet regime as an experiment, we would have to say that the experiment has clearly demonstrated the superiority of capitalism and the inferiority of socialism.

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