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3rd video
Published on 5 November 2020
WS
Whitley Sumpter
Whitley's Personal Gallery
Transcript
00:00
Source: https://www.economicshelp.org/blog/147271/economics/pros-and-cons-of-socialism/
00:00
Democratic
00:01
Socialism
00:02
Pros๐
00:03
Cons๐
00:21
?
00:21
?
00:21
Pros
00:24
๐ =society
00:26
๐ โฌ๏ธ poverty
00:28
๐ regulates successes of free market
00:31
๐ universalโ๏ธ
00:35
๐ promotes the common good
00:39
๐ more = society โฌ๏ธ social cohesion
00:42
๐ promote protection of the environment
00:44
Cons
00:48
๐ โฌ๏ธ taxes
00:52
๐ entrepreneurs likely to move
00:56
๐ disincentives to work
00:59
๐ government failure
01:03
๐ less employment
01:06
๐ antagonism between workers & owners
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