Serena is a vocal critic of socialism. She often points out that governments in many socialistic countries have cut back on government services and have thusly reduced taxes. Serena believes that this trend will ultimately result in every country adopting pure capitalistic ideals. Recent evidence shows that her views are essentially correct.

Question

Quizplus · Accepted Answer

It is true that the governments of many socialist nations have reduced their social programs and have cut taxes, which suggest a movement to become more like free-market economies. However, they have not totally abandoned the socialist approach. Also, Serena's observations ignore the increasing government involvement in many free-market economies. The result of these trends is the emergence of mixed economies rather than a move toward pure free-market or pure command economies.

Serena Is a Vocal Critic of Socialism