8. It cannot prevent a corruptible government.
Human beings are fallible creatures. We are prone to mistakes. We are also capable of doing abhorrent things to one another in certain circumstances. Under the structures of socialism, no matter where it happens to be on the spectrum, there are fewer checks and balances in place to limit the effects of corruption. New leaders can be elected by the people, but not immediately. Hierarchies tend to emerge under this structure, with leaders working to shore up power where they can.

These Democratic Socialism pros and cons are an overview of the subject only. This structure is not Communism, which many claim, nor is it the “next evolution of capitalism.” It is somewhere in the middle, a proposed compromise by those who want more people to experience success. Basic needs are met, but with fewer incentives.

Blog Post Author Credentials

Louise Gaille is the author of this post. She received her B.A. in Economics from the University of Washington. In addition to being a seasoned writer, Louise has almost a decade of experience in Banking and Finance. If you have any suggestions on how to make this post better, then go here to contact our team.

Jan 02, 2024 8:37:17am

5 Ways Democratic Socialism Isn't What You Think

To quell any fears and to put a great deal of misinformation to rest, here are five things that democratic socialism is not.

By
Dan Arel, Contributor

Award-winning journalist and bestselling author
Dec 28, 2015, 01:43 PM EST
|Updated Dec 28, 2016

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Senator Bernie Sanders, an independent from Vermont and 2016 Democratic presidential candidate, speaks during a campaign event in Storm Lake, Iowa, U.S., on Tuesday, Dec. 22, 2015. During Saturday's presidential debate in New Hampshire, Sanders was the most searched Democratic candidate on Google, the most discussed on Facebook and he also amassed the most new Twitter followers. Photographer: Daniel Acker/Bloomberg via Getty Images