What are the pros and cons of socialism?

Which of the following is a quality of a command economy?

Individuals determine what goods and services are produced.

The government determines the demand for goods and services.

Training and education for jobs are determined by business firms.

Wages and employment opportunities for individuals are determined by the government.

Explanation:

Pros- Better education opportunities, minimum wage, socialism can provide minimum basic income, may improve conditions of the general public, free healthcare, welfare state

Cons- History shows that socialist regimes often fail, people may get lazy, higher taxes for people who earn high salaries, too much power for politicians, sovereign default, investors may refrain from investing in socialist countries

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