List the pros and cons of socialism and the pros and cons of capitalism.

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2. Now look back at your lists and tell me what you think are the functions of the economic system under capitalism and what are the functions under socialism?
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4. Finally, do you think America is too uptight about socialistic policies such as bailouts, social security, health care, stimulus checks to individuals and businesses during pandemics, and any other examples you can think of, or should we be even more concerned about "creeping socialism" in the United States?
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Answer rating: 100% (QA)

Socialism Pros Equality Socialism aims to reduce economic inequality by redistributing wealth and resources more equally among citizens Social Safety Net Socialist policies often include robust social ... View the full answer