3rd video

3rd video

Published on 5 November 2020
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Transcript
00:00
Source: https://www.economicshelp.org/blog/147271/economics/pros-and-cons-of-socialism/
00:00
Democratic
00:01
Socialism
00:02
Pros๐Ÿ‘
00:03
Cons๐Ÿ‘Ž
00:21
?
00:21
?
00:21
Pros
00:24
๐Ÿ‘ =society
00:26
๐Ÿ‘ โฌ‡๏ธ poverty
00:28
๐Ÿ‘ regulates successes of free market
00:31
๐Ÿ‘ universalโš•๏ธ
00:35
๐Ÿ‘ promotes the common good
00:39
๐Ÿ‘ more = society โฌ†๏ธ social cohesion
00:42
๐Ÿ‘ promote protection of the environment
00:44
Cons
00:48
๐Ÿ‘Ž โฌ†๏ธ taxes
00:52
๐Ÿ‘Ž entrepreneurs likely to move
00:56
๐Ÿ‘Ž disincentives to work
00:59
๐Ÿ‘Ž government failure
01:03
๐Ÿ‘Ž less employment
01:06
๐Ÿ‘Ž antagonism between workers & owners