Define socialism and write a note on the Socialists of Europe.
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Definition of Socialism:
- Socialism is a system in which every person in the community has an equal share of the various elements of production, distribution, and exchange of resources. Such a form of ownership is granted through a democratic system of governance.
- Socialism has also been demonstrated through a cooperative system in which each member of the society owns a share of communal resources.
Socialism of Europe:
- The French Revolution brought in the view of deeper socialism in Europe. The people were divided into liberals who do not believe in one religion alone and accept every religion, radicals who needed the government to rule be selected by a majority of people in the country and conservatives who believed only on slow changes and considered past events.
- The former two groups wanted to change the socio-economic conditions turning themselves to revolutionaries.
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