this post was submitted on 21 Aug 2023
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I feel like this is a teaching opportunity. I'm no teacher, and certainly no academic, but socialism is a political stance that socializes basic needs, such as healthcare, transportation or education (primary and secondary). "Socialization" means every single citizen pays for those through the tax system, every year or so, proportionally to their own income. This allows everyone, regardless of their status, to enjoy good health, regular trains and buses, and a complete education, all without paying extra. It also prevents these basic amenities from falling into the wrong hands, ie those of capitalists who would gladly hike up prices, taking avantage of the fact that they're vital things. It is something to strive for. I hope I helped make this notion clearer. Cheers
yes. Also providing for the basic needs of the people lowers the cost of life, since a government in control of its country's banks doesn't usually have money problems (owes all the debt in its own currency to itself), and therefore doesn't need to profit from services. This gives people more extra income to spend or invest on whatever, which helps economic growth. Ironically western governments are doing the exact opposite, which leads me to think we'll just wither away from the world stage. I guess its good news in some way, not in first hand experience though ;-;