Socialist view of the economy

Socialist View of The Economy 

Socialist view 

• Oppose a system based on private ownership, prefer to advocate for common ownership of property 
• Advocate for greater workers control in the economy rather than buisness owners running production 
• Also want to redistribute the wealth in society, take from the rich and give to the poor
• Oppose Laissez Faire capitalism, prefer to advocate for far more state control 
• Also advocate for more collectivism through progressive taxation, public spending, state regulation and state/ common ownership
• A more collectivised economy would be more stable and allow humans to fulfill the need…