At last, the first real article on VogueFascin. You voted for socialism, you got it!
Let’s
begin with the basics. Socialism is an economic system. It was established as a
response to capitalism, yet is generally confused with Communism. Let me clear
this up briefly with one major point.
Socialism
and Communism are very similar because socialism is like an underdeveloped
Communism. It’s the bridge between capitalism and Communism. It aims to
establish the cooperation amongst individuals and the necessary production
which Communism requires.
Socialism’s
ideology is, “From each according to his ability, to each according to his deeds.” Distribution is done according
to quality and quantity of work. As a bridge to Communism, socialism aims to
produce as much as possible and promote as much cooperation as possible in
order to meet “From each according to his ability, to each according to his needs.”
Further
comparison will come in an article after I write about Communism. Let’s return
to socialism.
As
I mentioned earlier, socialism is where society
controls the production. This is the first benefit of socialism – you have an impact on the direction of
the economy. The economy can go in the direction the people want, not the
government. This democratic concept sounds appealing, but an issue with
democracy is that everyone has voting power, even those who are unfit to do so.
In socialism, the direction is reached by a consensus. What if those who are
deciding are unfit to make a decision? Depending on in which direction the
economy would tend towards, the socialist society would either improve or
worsen. How would we be able to ensure
the progression of the economy in the right direction?
The
first benefit connects to the second benefit; all production is done in favour of the common good of society, and not
for individual gain. This means that society tends to improve overall when
there is production. However, all distribution of wealth is supposed to be
equal, so wouldn’t worker incentive be reduced? There would be no competition
because the idea is that everyone has equality in terms of wealth and
commodities. No competition means a lack of development of technology. How can we equalize incomes and resources
while preserving competition for development?
An
exception to this, however, is that socialists strive to advance economical technology (or in other words, creating a more
diverse/effective economical framework/structure). This is a good benefit, but
again, the issue is that there is little balance – too much focus is being
placed into economics and not in other areas.
Moving
on to the third point: total equality.
Everyone has access to an equal portion of resources; everyone has an equal
amount of income; etc. This is good, because it eliminates poverty as well as the different classes in society
(everyone is treated equally; again, democracy), yet it also eliminates the
higher incomes of the former high-class citizens and large industries. This
brings the national gross domestic product (GDP) down. We can use some examples
for this, mostly Communist ones. That’s fine, since the two economical systems
share this same idea anyways.
On
average, Communist countries have a low GDP. These statistics were taken from
the CIA World Factbook (2008).
> Cuba: $55,180,000,000.00
USD (#70)
> Laos: $5,187,000,000.00
USD (#140)
> Moldova:
$6,197,000,000.00 USD (#138)
> Nepal:
$12,640,000,000.00 USD (#121)
> North Korea:
$26,200,000,000.00 USD (#89)
> People’s
Republic of China: $4,222,000,000,000.00 (#3)
> Vietnam:
$90,880,000,000.00 (#61)
Graph 1. A visual representation of the listed figures.
Let’s
focus on China – it’s an outlier since it has the third largest GDP in the
world. Interestingly enough, China is also a socialist republic, and is only
referred to as a Communist state because it is led by the Communist Party of
China. It is unmistakeable that China is the world’s largest manufacturer of
items – almost everything you buy will have a “Made in China” sticker on it. So
it seems that the Chinese have properly managed to apply socialism to their
society. Apart from poor living
conditions, could China be the prime example of successful socialism?
Returning
to the GDP issue, a low GDP impedes a country’s ability to interact with other
countries, mostly in terms of commerce, since we are averaging all incomes and production.
Now, this creates a sort of paradox. How
can we eliminate poverty and promote equality while maintaining a decent GDP?
One
a final note, socialism and Communism are usually regarded as the right idea
for a prosperous society, but impossible for mankind to master. It is our human
nature that prevents the complete, correct execution of socialism. Do you agree with this, or is there something
else preventing us from living in a fully economic and equal society?
Although
the questions I’ve listed seem impossible to answer, think about answering
them. They are meant to stimulate discussion. Feel free and do not hesitate to
comment and initiate debates! But remember, no flaming. I will be moderating
the discussion.
I
hope you enjoyed this post. If you have any comments/feedback/suggestions,
e-mail me at voguefascin@live.com! I’ll try to respond to all the messages I
get if I can. If there isn't much discussion in the comments or votes in the poll, I will extend the time to two weeks.
P.S.
In other news, the next poll is now up! The following article will be about one
of five political ideas/issues. Again, you
are in control of the blog’s direction. Thanks for all the support (i.e. votes
and comments) on the welcoming post. ^^
P.P.S.
Because there was no actual logo for socialism, and I wanted to save the Soviet
logo for the Communism article, I created my own. I hope you found it somewhat
appropriate. If you would like an icon/wallpaper with this logo, e-mail me the resolution
you want it in and I’ll send it back.