socialism an utopian concept

7/29/2019 Socialism an Utopian Concept

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WHAT IS UTOPIANISM?

Where didit come

from?

What does it mean?

CaN iT aCTuaLLYeXiST?


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Utopia:

An ideally perfect place,especially in its social, political,and moral aspects.

Utopia can be defined as paradiseon Earth, Nirvana or Heaven onEarth.


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Background information:

Thomas More 1506 Utopia

Garden of Eden

The word utopia is derived from two Greekwords. The first is eutopia, which means good

place. The second is outopia, which meansno place.

A utopia refers to a perfect society that does

not exist or can never exist.


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A beautiful society with a general pacifisticattitude

Poverty and misery are removed

Very few laws are necessary

Money is not necessary

People do only work that they enjoy and

which benefits the common good Everyone enjoy FREEDOM


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PROS &CONS:

PROS:Living in harmony with others

No conflictsNo motivation for war oroppression

CONS:Ethical concerns

Differences with eachindividuals ideals

Boring!


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Ability to make choices

Religious, Social, Economic, Thought

Individual Freedom V/S The greater good

The Pursuit of happiness

Do people know what they want?

Needs v/s Wants


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IS SOCIALISM AN UTOPIAN

CONCEPT ???

ANSWER IS NO


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A theory or system of social organization that

advocates the vesting of the ownership andcontrol of the means of production anddistribution, of capital, land, etc., in the

community as a whole.


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Means of production are publicly owned

Social welfare is the dominant motive force

Based on Co-op Social Relations and self-management

Money V/S People


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Balanced social development

Equal distribution of income

Prices are fixed by state

No employer employee struggle

Provides social security

No class struggle

Better allocation of resources


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Corruption

State monopoly

Evils of bureaucracy

Lack of incentive

Loss of consumer sovereignty

No freedom of occupation

Loss of freedom of speech


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100 years of successful socialism

Hidden truth

1970s Highest GDP

Growth fell off, unemployment rose, quality ofwelfare decline

Two oil crises, financial crises, macroeconomicshocks

Budget deficit and high inflation

Irresponsible political actions


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Rise in taxes

Distorted education system

Questioning on free enterprises

Rise in unemployment

What took a hundred years to build was

nearly dismantled in twenty five years


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Communist country

Follow socialism

Disaster of one child policy

Student suicide, breakdown and family murder

Female infanticides

Corruption and terrorism

Only say follow SOCIALISM, do not act accordingly


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In Russia only goods and services were providedaccording to the needs of the people.

Lack of liberty among the people in RussianDemocratic Centralism

The leaders were not accountable to the people

The industries were managed by bureaucratswhich resulted in loss of viability of industries


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Restriction for the people of one state topurchase the products of other states

Government shareholding in industry is also less

Improper allocation of shareholdings

There was no Intellectual Property Right in theSoviet Union

The State became more and more powerfulbecause of Democratic Centralism orTotalitarianism.


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CPVs attempt to extend socialist economy offormer North Vietnam to the south

1986- Doi Moi (Renewal)

Extension of period of mixed economy

State managed Market Mechanism

Success Story- not the whole truth

Many challenges- showing Socialism not Utopia Company Tax 28%, Personal Tax 50%

Despite success country remains POOR.


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19% population undernourished

20% population does not get proper water

Inequalities of market economy

Increase in street children, prostitution, drugabuse, crime.

Rising domestic violence

Problems of Ethnic minorities

9% of the population with physical disabilities

Pressure of Doi Moi on CPV

Rise in Corruption


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Argument- Denmark has a lot of socialism and is asuccessful country, therefore socialism is goodLot of social programs

homogeneous societyUniform mindset , strong collectivist tendencies

The main problem: Is it really successful socialistcountry?

Answer isNO


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Comparison with US

Far from being winner in standard of living andeconomies

Average wage rate is low

Pay more taxes

Material things are way more expensive

Highest Income tax

Highest VATYoung educate leaving country to earn good

salary.


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After Independence to the end f 1970s

Increased population under poverty line

GDP 3.5%p.a.

Government dominated economy withmonopoly enterprises- inefficient

Private sector regulated through control and

licensingProduction process- highly capital incentive


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Government control added to production costin private sector

High oil prices

Growth performance plummeted to the bottom

Depressing circumstances-introduction ofeconomic reform.

Removal of certain controls

Market friendly approach by government

Rising fiscal deficit


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Economic development hampered by- poor

economic policies

Socialist economic model failed

India slipped back into a Bharatiya Growth

pattern

Affected manufacturing policy due to poor

reforms

High rate of unemployment


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Socialism is not perfect

Socialism bring success and also social evils

Utopia an imaginary concept

In reality Socialism can never be an utopian

concept

socialism an utopian concept

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