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Hence economic outcomes are very much dependent on societal norms. Then Einstein states that the results of socialism cannot be predicted by using the same economic laws which were derived observing past human behavior, since the purpose of socialism is to change that very behavior.
In his 1949 essay “Why Socialism?”, he wrote: I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals.
Why is socialism bad for society?
Socialism is bad because it is condescending. If you provide a good or service that few people value, you are paid less. Conversely, people who provide goods and services that are highly valued are paid more. The more that one produces the more they are naturally entitled to the production of others.
How is Socialism demonstrated through a cooperative system?
Socialism has also been demonstrated through a cooperative system in which each member of the society owns a share of communal resources. The rule of engagement in a socialistic system is that each person receives and contributes according to his ability. For this reason, individuals in a socialistic society tend…
Socialism will work by enslaving the capitalistic population (hardworking) and forcing them to produce wealth for the rest of the population. This system is not functional, stable, or viable and always begins and ends in this grave violence, no matter how many times it has been tried.
In the long run, socialism has always proven to be a formula for tyranny and misery. A pyramid scheme is ultimately unsustainable because it is based on faulty principles. Likewise, collectivism is unsustainable in the long run because it is a flawed theory.