Socialism In The United States Of America

Socialism in the United States Author Name University Name Socialism is a series of social and economic systems characterized by democratic control and social ownership of the political parties. It can be divided into the market and non-market forms, and the American economy has numerous elements of socialism, which means it is basically a socialistic state rather than capitalistic. The government frequently takes measures to ensure the safety, betterment, welfare, and protection of the citizens. For example, there is a social security system which is used to make payments to government officers after their retirement. This system is based on taxes that are collected from them during the working years. In another system, unemployed people are provided with free food, healthcare, and transportation facilities as well as free education (Owens, 2010). Funds are raised, and taxes are deducted from the annual earnings of financially stable individuals to make sure that unemployed people are not pushed behind the co...