UTOPIA

Democracy

Pros

Democracy helps in promoting equality among all the citizens of the country

Governments are accountable, legitimate, and responsive to the expectations and needs of the citizens

It encourages personal involvement. People can control their own fate

Within a democracy, every vote is weighted with the same value. It doesn’t matter what your gender identification happens to be, how much you make or what your race is

Cons

Political manipulation can be a serious issue when leaders and parties are campaigning. Many will tell false lies about other parties and leaders.

Many politicians will tell lies to the public, making promises that they cannot keep which ends up getting them more votes during the campaign.

Voters often do not educate themselves on what they're voting for or who they are voting for, so they get persuaded by family or friends and are not making they're own vote.

Communism

Pros

The wealth gap between the super rich and the super poor could be closed

There would never be a shortage of food or water for anyone in the world because it is assured by the government

Lower unemployment rates

More jobs are available

Less people are on the streets

Everyone gets a equal chance and right at succeeding

If the person messes up their success it is there fault

Cannot be "born" into poverty or wealth

Cons

Prices of more wanted goods (ie. right now fuel) would no longer have different values and less money would be made from import and exportations.

Government could spend tax payer money on unneeded things, and the public would have no vote on where the money is spent

People would have less of an incentive to actually work, or go to school and get educations if everyone is just going to end up with the same amount of money anyways.

Freedom of speech within the people would be cofined.

Dictatorship

Pros

It can stop crime and deter criminals from commiting those crimes

total number of focused crimes dropped from over 158,000 to just under 80,000.

Fast and effective responses in medical situations. Not having to go through layers of approval.

Ruler stability, meaning a country will always have the same leader.

A good leader can gain allies and be able to keep them for a very long time while they stay in power

Cons

Historically, dictatorship has a very bad rep, and have never been a solution to power problems

There will never be anyone else able to run for leader while the person is a dictator.

The nation can become isolated

Monarchy

Pros

Much faster decision making because it is decided in family

Smooth transition in power within the family

Leaders are trained by their parents on what to do in power

Increased government money and savings when being within one family account

Cons

Reduces partnerships and unions with other countries and allies

Lack of diversity when the government stays with the same last name its entire existence

Socialism

Pros

Socialism could help to close the gap between the rich and the poor since through the high taxation of wealth and high salaries, the rich would have to give away more of their money, which could in turn be used to improve the quality of life of the poor fraction of our society.

Free Healthcare

Money is used where it is actually needed, meaning that the rich have to give part of their wealth away while the poor will get more financial opportunities at the same time.

In socialism, lost trust into our governments may be restored since poor people may be able to increase their overall income levels and therefore their overall quality of life.

Cons

People may lose the incentive to have a harder job. Many people may rather give up their demanding jobs since it may no longer make sense to work in those jobs due to taxation issues

People might get lazy. If people know that they get a certain minimum income from the state each month, they might also get quite lazy over time.

Socialist regimes are a nightmare for corporations since their overall level of economic freedom will be greatly confined and they would have to comply with excessive government regulations.

Free Market

an unregulated system of economic exchange, in which taxes, quality controls, quotas, tariffs, and other forms of centralized economic interventions by government either do not exist or are minimal.

Pros

Free market economies allow business owners to innovate new ideas, develop new products and offer new services.

the customers make the ultimate decision on which products succeed or fail.

reduces administrative costs to the business

Cons

can limit the range of goods on offer to consumers and may impact certain groups of consumers more than others.

companies may sacrifice worker safety, environmental standards and ethical behavior to achieve those profits

When a free market economy spins out of control, the consequences can be severe

Mixed Economy

an economic system combining private and public enterprise

Pros

a mixed economy gives the government less regulation and control

private companies can perform public service jobs more efficiently than the government itself

can help create improved equality and can offer safety net that will prevent the people in a certain country from suffering absolute poverty.

Cons

finding a balance between wealth equality and market freedom.

it allows excessive intervention of the government

the government might limit company sizes

Command Economy

an economy in which production, investment, prices, and incomes are determined centrally by a government.

Pros

It is impossible for a monopoly to rule in a command economy because all the forces of the market are regulated by the government

creates industrial power to complete massive projects

capable of transforming the society to conform to the government’s vision for the country

Cons

economic system is tied to communist countries, it is no surprise that it also takes the freedom away from the people and puts full control in the hands of the government alone.

Command economy often ignores the needs of the society

it does not make innovation a priority or does not encourage it

Mercantile System

an economic practice where governments used their economies use power at the expense of other countries.

Pros

It encourages the complete development of all natural resources

encourages trade deficits for foreign nations.

It naturally reduces unemployment rates.

Cons

colonies are also treated as a foreign nation in a system of mercantilism.

a risk of local raw materials and resources running out

materials and goods are shipped back and forth between colonies making the price of goods more inflated than it needs to be.

Colonialism

the policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically.

Pros

Improved Health and Care System

Restoration of Women’s Right

Food Security

Cons

Colonialism Caused Constant Wars and Conflict

Extensive Loss of Land among the Colonies

Introduction of the Slave Trade