write some Points on socialism in France
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The history of socialism has its origins in the 1789 French Revolution and the changes which it brought, although it has precedents in earlier movements and ideas. The Communist Manifesto was written by Karl Marx and Friedrich Engels in 1848 just before the Revolutions of 1848 swept Europe, expressing what they termed scientific socialism. In the last third of the 19th century, social democratic parties arose in Europe, drawing mainly from Marxism. The Australian Labor Party was the world's first elected socialist party when it formed government in the Colony of Queensland for a week in 1899.[1]
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Some of the principles of socialism include:
- Public Ownership. This is the core tenet of socialism. ...
- Economic Planning. Unlike in a capitalist economy, a socialist economy is not driven by the laws of supply and demand. ...
- Egalitarian Society. ...
- Provision of Basic Needs. ...
- No Competition. ...
- Price Control. ...
- Social Welfare. ...
- Social Justice.
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