Write an essay on socialism at least 100 words
Answers
According to the Oxford Dictionary of Sociology (1994), ‘an economic and political system based on collective or state ownership of the means of production and distribution is known as socialism’. This approach has its roots in the writings of Karl Marx and Friedrich Engels. These thinkers were disturbed by the exploitation of the working class as it emerged during the industrial revolution. In their view, capitalism forced large numbers of people to exchange their labour for wages.
The owners of an industry pay workers less than the value of the goods they produced. They pocket the difference between the value of the labour and the value of the product—surplus value as Marx called it. Marx was struck by the inequalities the capitalist system creates.
A socialist economic system represents an attempt to eliminate such economic inequalities and exploitation. The goals of socialist system include destroying the class system and thereby ending the exploitation, oppression and alienation of workers, replacing greed and the profit motive with concern for collective well-being.
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Answer:
Socialism changed into a time period first used in the early 19th century in western Europe. Its exponents were normally French and British.
the industrial Revolution modified Europe by making the Aristocracy largely beside the point, raising the capitalist bourgeoisie into wealth and power and shifting the old peasant class into commercial exertions. in contrast to the agrarian society it overturned, in which wealth relied on a finite amount—land, in the business capitalist device wealth turned into endless, at the least in idea, and untied to the old feudal order.
the commercial Revolution additionally overturned the antique experience of noblesse oblige. Capitalists have been effortlessly, guiltlessly, rich and effective, complete of pride, and with out a feel of obligation to the terrible or their own opposition. these were the folks that took energy from the aristocrats and created the early capitalist democracies, political structures within the photograph of their financial and political interests. freed from the the Aristocracy, they'd guarantees of assets rights and the capacity to pursue extra property. these nineteenth century “liberals” agreed that best the economically unbiased and relaxed could be politically loose. Thomas Jefferson exemplified this idea, using it as justification for his desired nation of small farmers. He additionally agreed that liberty became now not the made of Christian concept but of natural regulation; with out theological justification, there has been no foundation for censure. a few nineteenth-century liberals even praised greed as the motivator for monetary increase and prosperity. not like feudalists, capitalists described dependency as self-adverse; for his or her own well-being, the terrible had to work, and in the event that they did no longer do it voluntarily, the system would pressure them. In Britain bad laws, which seem to be based in this philosophy, will be quite harsh.
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