Socialism Essay

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Socialism is a complex system derived from the intellectuals Karl Marx and Frederich Engels. This system in essence promotes the social ownership of the means of production and a co-operative management of the society’s economy. This concept in Marxist theory is the lower stage of communism which supersedes capitalism in the model of historical materialism. Socialism in the Marxist paradigm operates under the principle of “to each according to his contribution.” Socialism adapts to revolutionary socialism when it becomes necessary for revolutionary action to be undertaken to achieve movement from capitalism to socialism. Under this socialist revolution, movements are carried out under the theories of Orthodox Marxism, Luxemburgism and Leninism – each having its own method of achieving a socialist state. Revolutionary Marxist ideology therefore, was the abettor of mass revolution against absolute class structures and the ideological foundation for the advocates of egalitarianism, classlessness and above all freedom from the capitalist superstructure. It was believed that rapid change...

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