The Pros And Cons Of Socialism

1188 Words5 Pages
The economic structure referred to as Socialism is the system where the ownership of goods and the means of production are shared by the citizens of a society. Socialism is often regarded as the contrasting society compared to Capitalism. It is generally considered the theory that, when in practice, is run and controlled entirely by the government. To understand socialism and its potential effects as a movement, system, or theory, within a society, it helps to know the meaning behind other society shaping factors. Economic Freedom is social right that can affect a society’s economic liberty. Economic Freedom can be described as the availability of great opportunities and the ability to achieve an improved quality of life. There is no universally…show more content…
Using Socialism methods, the entire class of a University either fails together or passes together. However, if the entire class were to fail, the University would lose profits and the economy would be affected negatively due to the lack of an educated workforce. Arguably, this means the entire class of the University would have to pass to achieve positive feedback in the economy. As a result, the mass of students looking for jobs, whether qualified or not qualified for these jobs, will increase. This could damage the economy by providing a job to an individual who, although was able to succeed in school, is unfit for the position. This could potentially provide opportunities to a mass amount of** ill-suited students and take away positions from students that are more deserving. A potential solution to this issue could be removing the grading system, but still measuring the success of a student with diverse approaches. One of the most common grade replacement approaches involves narrative evaluation. In this type of educational society it is believed that the pursuit of knowledge should be promoted above grade documentation. This method could allow Socialism and evaluation to coincide within a University. However, this system does not involve taxing student’s work and spreading it equally across the student population. The complete redistribution of student…show more content…
Morale within the student population is often influenced by the mark that is rewarded for a student’s effort. A Socialist approach to University grading can eliminate the encouragement of effort. In this system, students that are not committed to achieving a high grade can refuse to work and still be rewarded a grade. Although the motive behind this system encourages justice, fairness, and quality, it can be argued that the Socialist approach in a University setting achieves the opposite results. In theory, a student that works hard will receive the same grade as a student that does no work at all. This can potentially cause a high amount of students to refuse work and can result in a lower grade average among the students. This is turn will have a negative effect on the University’s economy. Large amounts of uneducated students also have the potential to damage the workforce after University and create a domino effect that damages the entire economy. Although not an ideal solution, an increase in tuition can encourage students to increase their effort and improve their
Open Document