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Socialism for the rich and capitalism for the poor is a classical political-economic argument asserting that, in advanced capitalist societies, state policies assure that more resources flow to the rich than to the poor, for example in the form of transfer payments.
Socialism, in its most basic form, entails not the redistribution of wealth, but the expropriation, that is seizure, of the means of production by the working class.
How does socialism pay work?
Thus, wages in socialist economy are the monetary expression of the worker’s share in that portion of the social product which is paid out by the State to workers by hand or brain in accordance with the quantity and quality of each worker’s labour.
Why do the rich want socialism?
• R MCCRAY • Why Do The Rich Want Socialism? It just bogles the mind when you hear the stars in the business arena who have made their fortune in the American system of Capitalism, push for Socialism. The growth of their business also depends on the Capitalist system to be profitable, so what else are these stars of business seeking?
In socialist societies, the people that control the means of production usually engage in selfish endeavors to bring themselves wealth. Not only is the economy smaller than free countries, but a portion of it is being stolen by the leaders for their own benefits, leaving even less for the poor than in free market countries.
With Socialism its always the few people at the top who have everything and everyone else at the bottom have nothing. One look at the great examples of Socialism, such as the U.S.S.R.- Russia, Cuba and Venezuela is enough to make any sane person cringe.
What is the reason for rich and poor in capitalism?
The reason for rich and poor in any capitalist system is that capitalism is a system of wealth accumulation through the production of profit What is Capitalism? . There aren’t any socialist societies , infact there can only be a global socialist society which as yet hasn’t happened .