I grew up in a Socialist country. Here are some pros and cons:
Pro- People lived in flats free of rent, funded by the government
Con- the way people were chosen to get a free flat was not always fair. There was corruption/connections/nepotism at play
Pro- Education, including university education, was free.
Con- The universities themselves were not necessarily world class
Pro- All healthcare, including dental care, was free
Con- Not necessarily world class healthcare/ dental plans
Pro- Crime rate was very, very low
Con- We had a dictator and everyone was afraid to commit criminal acts or speak against the dictator, which was in itself considered to be a criminal act
Pro- Huge support and push towards locally grown/nationally produced goods
Con- there were always shortages of something or other as we minimised all imports. We considered all shortages ( including a shortage of sugar or eggs) to be normal.
Pro - the country had a good, strong army
Con - a huge percentage of every salary was taken and spent towards equipping the army
Con - the weapons were later used to kill my people, so we paid for the bombs that killed us by ourselves
Pro - the country played a part in defeating the nazis in world war II
Con - the government tried living off the old glory days for over 50 years, while implementing a strong dictatorship. People needed more, I guess, so it all came crashing down
Final note : the dictator himself was loved and still is beyond any reason. He passed away days before my birthday and let’s just say no one cared about me being born...the entire country was crying. Brainwashing at its finest 😆
Socialism may appear nice/ fair in theory, but when in practice, please still account for human greed, nepotism, hunger for power, loyalty of certain groups but not others all based on culture, religion etc.