3rd video

Transcript

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Source: https://www.economicshelp.org/blog/147271/economics/pros-and-cons-of-socialism/

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Democratic

00:01

Socialism

00:02

Pros👍

00:03

Cons👎

00:21

?

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?

00:21

Pros

00:24

👍 =society

00:26

👍 ⬇️ poverty

00:28

👍 regulates successes of free market

00:31

👍 universal⚕️

00:35

👍 promotes the common good

00:39

👍 more = society ⬆️ social cohesion

00:42

👍 promote protection of the environment

00:44

Cons

00:48

👎 ⬆️ taxes

00:52

👎 entrepreneurs likely to move

00:56

👎 disincentives to work

00:59

👎 government failure

01:03

👎 less employment

01:06

👎 antagonism between workers & owners