Socialism pros:
Redistribution of wealth
Closing unequal gap between rich and poor
Overall social stability improvements
Socialism Cons:
Socialism has failed in the past
Lose motivation to work hard
Bad for companies
Karl Marx: Published The Communist Manifesto
Charles Fourier: One of the founders of utopian socialism.
The Soviet Union used to be a socialist system.
Anarchism pros:
Self-governed individuals
Freedom = better mental health
Outdated cultural norms are wiped away
Anarchism cons:
Potential to end in chaos
Lack of protection
Crime rate may increase
Mikhail Bakunin: Russian revolutionary anarchist, socialist and founder of collectivist anarchism.
Makhnovia was an attempt to create an anarchist society in Ukraine during the Russian Revolution
Anarchism has been known to promote violence while confucianism promotes peace
Liberalism pros:
Economic growth
Preserves human rights
Stable economy
Liberalism cons:
Unfair business practices
Exploitation of natural resources
Market inconsistency
John Stuart Mill: "One of the most influential thinkers in the history of classical liberalism, he contributed widely to social theory, political theory, and political economy." (Wikipedia).
Freedom of speech, equality for all, separation of state from the church.
Liberalism and libertarianism have many siimilar ideas, they both believe in individuality and freedom of the people.
Marxism cons:
No religion
Negative for education system
Limited private ownership
Replacing private ownership with co-operative ownership.
Marxism pros:
Equality
Promotes government changes
Reduces debt
Confucianism pros:
Promotes good ethical behavior
Promotes peace
Positive for mental health
Confucianism cons:
Too idealistic
Lack of government control
Would not work in long run
Confucius: Confucius was a philosopher and teacher who preached ethics and good behavior. Confucianism is based on his teachings.
An example of this today could be generally treating people with kindness.
Libertarianism pros:
Promotes individual thinking
Inspires morality
More useful goods and services
Libertarianism cons:
Too much freedom
Too little government
Personal responsibility
John Locke: Philosopher known for founding liberalism. Also called the "Father of Liberalism," he believed in natural law and social contract.
Aspects of Libertarianism are promoted by many left leaning individuals in the world today
Communitarianism pros:
Promotes community
Values common good
Promotes trust
Communitarianism cons:
Can create tension between groups
Difficulty agreeing
Fighting over leadership
Charles Taylor: Canadian philosopher and professor associated to critique liberal theories from a communitarian perspective.
State subsidized education and state subsidized housing.
Communitarianism values community and libertarianism promotes individuality