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The world has yet to see the perfect balance of governmental and private control.It may, in fact, be unattainable.That being said, there has been a great deal of highly successful economies.Governmental control is a vast range, on one hand we see countries like the United States, which attempt to leave the responsibility to the entrepreneurs.On the other we see countries like the former Soviet Union or China that display a very centralized economic viewpoint (i.e. small comities lay out strict systems in advance).There are aspects from both ideologies that are quite attractive in their benefits.In weighing these benefits a system likened to that of socialist Sweden (or possible even further left-wing, that is, more communal) seems to be the most universally satisfying method.
The solid social safety net provided in the aforementioned environment is an example of how it excels before other systems.While it is true that these programs result in higher taxation they provide a necessary sense of security among the people.Some complain that these social institutions encourage complacency, however this is not true.In this system the "Saftey Net" provides only a basic support.Human nature (i. e the desire for a better life) ensures that people will work hard to earn extra incentives, not settle for the bare minimum.Welfare and pensions plans offer support for everyone in their time of need.
Socialized Medicare is another beneficial aspect of a left wing economic perspective.It again raises the issue of taxation, however, it is a highly worthwhile investment.Ones well being is not something that should be taken for granted.Providing a standard level of medical care for the entire populace of the state is a necessity for a high quality of life and equal opportunity for all.In states where this is not available the underprivileged tend to be left behind and often find themselves stuck in a hole of despair.Equality for all is the only way to keep the majority happy.
Countries employing this type of economic intervention often have very high--almost fullemployment rates.This in itself has very many bonuses.For one, the individuals who are employed have a sense of belonging.If everyone has this sense, the country prospers in many ways. Take crime for example, if everyone is working crime will undoubtedly drop, further increasing the sense of security of the country.
Socialism largest, most evident accomplishment is its ability to provide a decent quality of life for its citizens while making substantial increases of standard of living available.This was not the situation in the USSR or heavily capitalistic societies.In the Soviet Union a given level of "quality of life" was guaranteed.This came, however, at the cost of standard of living.The goods provided were of one quality the State's, there was no better or no worse.The same for everyone.The opposite is true for the other extreme.Capitalists societies put no limit on the standard of living that can be achieved one can become unbelievable rich there is guarantee that you will attain this however.Quality of life is not guaranteed, you must pay for your own Medicare for example, if you are unable to find success in this system you suffer, living a life of poverty.Socialist states avoid both of these circumstances.People are provided with a basic quality of life, Medicare is covered and employment is extremely high.Unlike the soviet system, a higher standard of living is also attainable.This is mainly due to the reason in that private enterprise is not totally abolished.People are free to open whatever small businesses they choose.
This brings in the next point.When comparing a socialist society and a communist one the most obvious difference is the amount of personal economic freedom, more specifically in regard to entrepreneurial interests and land ownerships.Where a communist setup works to abolish all forms of private ownership a socialist one allows for a fair amount of it.Government does provide housing for the needy but common citizens can own their own land.The general populace is also free to setup small business while utilities and many necessary goods are covered by state corporations.This mixture affords citizens the ability to choose how their lives will play out, while still maintaining a guarantee of security.
The final reason socialism shines out among other possibilities has to do with class and wage disparity.Although socialism allows private ownership, its roots lay in equality.While it is true that wages aren't equal across the board, it has been seen that in socialized states the difference in wage is greatly decreased.This raises the question was Marx right? Perhaps outright class warfare IS avoidable.By taxing a great deal and providing a wide array of services to all classes these classes are brought together without totally limiting them.Classes are not phased out totally, but after a long enough time the disparity is insignificant, all people are receive the same treatment by the government.
In all of these ways the socialist ideology and all it entails seems to best cater to the infamous business cycle.During recessions the large buildup of funds through the high taxes are fairly distributed in order to keep quality of life up and keep money flowing.Conversely, during periods of inflation economic restrictions and even higher tax rates that socialism governments would not hesitate to employ allow prices and wages to return to a normal state.Socialism allows the cycle to thrive in a controlled environment.It does not take complete control as seen in Soviet communism as that leads to loss of freedom for the people, which can ultimately result in revolt.While it may be true that no system is perfect, socialism seems to have a prosperous blend that outperforms many other possible methods.
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