Question

Why socialist for against private property? Explain

Answer 1

1. Socialists criticised private ownership of means of production because the owners cared for only personal gain and not for the workers who toiled to make the property productive. 2. Socialts aim was overall development by means of co-operative administration of the nation. 3. If the society collectively owned the property then more attention would be paid to collective common problems. 4. Thus the ownership of private property gave power to the workers who were exploited.