Gawain_VIII typed:
SOCIALISM: an ECONOMIC system by which SOCIETY at-large share equal ownership and COOPERATIVE management of all property and means of production.
CAPITALISM: an ECONOMIC system in which PRIVATE ownership of CAPITAL goods determine the management and means of production for PROFIT.
FREE-MARKET: an economic system from which the consumption of goods by the consumer determine the means and method of production. May be socialist, capitalist, or any variation between the two extremes.
COMMUNISM: a POLITICAL system which attempts to bring about a SOCIALIST society through PUBLIC (i.e. government, not society or community) ownership of the means of production.
Definition of 'Subsidy'
A benefit given by the government to groups or individuals usually in the form of a cash payment or
tax
reduction. The subsidy is usually given to remove some type of burden and is often considered to be in the interest of the public.
Politics play an important part in subsidization. In general, the left is more in favor of having subsidized industries, while the right feels that industry should stand on its own without public
funds
.
Investopedia explains 'Subsidy'
There are many forms of subsidies given out by the government, including welfare payments, housing loans, student loans and farm subsidies. For example, if a domestic industry, like farming, is struggling to survive in a highly competitive international industry with low prices, a government may give cash subsidies to farms so that they can sell at the low
market price
but still achieve financial gain.
If a subsidy is given out, the government is said to subsidize that group/industry.
Read more: http://www.investopedia.com/terms/s/subsidy.asp#ixzz2MOBKyCSi
So how much would electricity be if we did not ave subsidy? Would we have any money to spend in te free market? wat would our wages look like? How can we get a real understanding of what the world offers, unless we work together?
Gawain_VIII typed:
Communism is not the same as socialism. Communism is evil. Communism used force and coercion to make people do something they don't want to do. They lie and say they're bringing about Socialism, but it's really not because it's government-controled and not society-controlled.
So we live in the information age, should there be a change in th way we do things?
Realizing the declaration of the world's resources as being the common heritage of all people.
Transcending the artificial boundaries that currently and arbitrarily separate people.
Replacing money-based nationalistic economies with a resource-based world economy.
Assisting in stabilizing the world’s population through education and voluntary birth control.
Reclaiming and restoring the natural environment to the best of our ability.
Redesigning cities, transportation systems, agricultural industries, and industrial plants so that they are energy efficient, clean, and able to conveniently serve the needs of all people.
Gradually outgrowing corporate entities and governments, (local, national, or supra-national) as means of social management.
Sharing and applying new technologies for the benefit of all nations.
Developing and using clean renewable energy sources.
Manufacturing the highest quality products for the benefit of the world’s people.
Requiring environmental impact studies prior to construction of any mega projects.
Encouraging the widest range of creativity and incentive toward constructive endeavour.
Outgrowing nationalism, bigotry, and prejudice through education.
Eliminating elitism, technical or otherwise.
Arriving at methodologies by careful research rather than random opinions.
Enhancing communication in schools so that our language is relevant to the physical conditions of the world.
Providing not only the necessities of life, but also offering challenges that stimulate the mind while emphasizing individuality rather than uniformity.
Finally, preparing people intellectually and emotionally for the changes and challenges that lie ahead.