The advantages and disadvantages of socialism

Advantages of socialism include a lack of exploited workers, and discrimination is also frowned upon. Disadvantages are that the system depends on universal cooperation, and that there aren't as many competitive or innovative workers.

Explanation:

In a socialist system, everyone has a say on the distribution of resources, so you can't be as easily ripped off. There's also less discrimination, because people just do what they're best at (and the system frowns upon discrimination). There is always a tradeoff, though, and as such socialism requires a cooperative populace. Competitiveness is viewed negatively, since it's the antithesis of cooperativeness. There isn't much competition in the workplace, as everyone is assured a steady wage, and socialism doesn't reward innovation, either. So people don't innovate; there's no reason to.

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a phrase from a poem by ralph waldo emerson about the battle of lexington and concord. emerson's words read, “here once the embattled farmers stood / and fired the shot heard round the world.”