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comparison and contrast socialism and capitalism
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Background
Socialism is a difficult concept to describe, partially because the concept has been continually developing over the last two centuries, and partly because no distinctively socialist template has ever become a successful technique of governing a modern nation. By asking a socialist as to the definition of socialism, the answer would more likely confirm what socialism is not. Socialism is not capitalism. It is not exploitation. It does not mean that the rich get richer while the poor get poorer. (Heym) Although socialism cannot necessarily be defined, it has played an important role in international political history and has left an impact on the political society of today.
Socialism would not have been established without the influence of the revolutionary thinkers of Karl Marx, Henri de Saint-Simon, and Robert Owen. Individually each of these men influenced the development of the socialist movement. Karl Marx was philosopher, social scientist, historian, and revolutionary, who was without a doubt the most influential socialist thinker to emerge in the nineteenth century. Marx believed that capitalism would be replaced by radical socialism which in turn would develop into a communism - a classless society. Marx’s most acclaimed works include The Communist Manifesto, Das Kapital, and Value Price and Profit. In the work of The Communist Manifesto Marx was able to distinguish socialism from communism, while establishing the concept of scientific socialism (which over time became more commonly known as Marxism). Marx viewed a socialist society as a stage in history as a transition between capitalism and the higher phase of communist society in which human beings no longer suffer from alienation and all the springs o...
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McNally, David. "BIRTH OF THE SOCIALIST IDEA." Socialism From Below. 06 May 2002. 23 Sep 2007
Mises, Ludwig von, Socialism. Indianapolis, IN: Liberty Fund, Inc. 1981. Trans. J. Kahane. LIBRARY OF ECONOMICS AND LIBERTY. 23 September 2007
SOCIALISM. COMPTON'S BY BRITANNICA. ENCYCLOPEDIA BRITANNICA. 2005. eLibrary. Proquest CSA. VIRTUAL SCHOOLING CENTRE. 23 Sep 2007
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In Socialism Coincides with American Values, Jedediah Purdy produces an interesting insight and argument about the theory of socialism. He believes that socialism can be incredibly beneficial to the United States political and economic systems but are swept aside due to harsh misconceptions of the idealism. He states, “There are essential insights that we lose track of when we let ‘socialism’ be turned into a slur.” Purdy then argues socialism is more American than most Americans want to believe.
Walker, I. (1991). Democratic Socialism in Comparative Perspective. Comparative Politics. 23 (4). Available from: http://www.jstor.org/stable/422259. [Accessed: 1/12/2013]
Davenport, Tim. "Socialist Party (1897-1946): Party History." Early American Marxism website. N.p., 19 Sept. 2011. Web. 8 Dec. 2011. .
Socialism as defined by the parameters of the post revolution into the pre industrial period was the nearly universally marked by the race to empower the working class. Yet, within this broad definition of socialism, Karl Marx, Gracchus Babeuf, and Robert Owen differ in their views of a utopian society and how it should be formed. It was to be their difference in tradition that caused their break from it to manifest in different forms. Although they had their differences in procedure and motive, these three thinkers formed a paradigm shift that would ignite class struggle and set in motion historical revolutions into the present. Within their views of a utopian community, these men grappled with the very virtues of humanity: greed versus optimism.
Marx and Engels certainly believed that the United States would provide an example for the rest of the world with its inevitable move toward socialism. Following the American...
This paper proposes to argue that the rise of Socialism in American society was due in large part to the reaction to the disenchantment of American citizens with their governments and the effect industrialization had on society. This historian proposes that while the victim of a great deal of opposition, the Socialist movement contributed to a number of the reforms made during the Progressive era. The historical evidence will show that many of the beliefs that drove the reforms of the era were propagated by individuals and groups associated with the Socialist movement in America, and that it affected all geographical regions of the United States, though some more than others. Ultimately the goal is to show how Socialism, despite being considered in some circle anathema to being American, was heavily involved in shaping society in the twenti...
The nineteenth century saw the rise of three new ideologies, the newest ideology socialism wanted to reorganize society to create a harmonious, cooperative and prosperous life during a time when the industrial revolution created a large divide in classes (Hunt 706-707). “Out of the churning of socialist ideas of the 1840s emerged two men whose collaboration would change the definition of socialism and remake it into an ideology that would shake the world for the next 150 years” (Hun...
The word “communism” is generally linked with “Marxism”. Since Marx along with Friedrich Engels published the cutting-edge thesis, The Communist Manifesto in the middle of the 19th century, it conceived the new dimension for both politics and economics. Before turning to the principles of the Manifesto, it is useful to present the brief historical background of the era, and understand why it affected the ideology. Predominantly the Industrial Revolution (IR) and the Great Revolution in France (FR) transformed the society as follows; creation of conditions for capitalism by destroying feudalism. Period between 1820 -1840 marks the beginning of the IR, which altered the whole meantime s...
The Industrial Revolution in Western Europe provided the context for economists and political writers of the 19th century to promote three different economic plans designed to meet the needs of workers and entrepreneurs. State-sponsored socialism was first proposed by Eduard Bernstein as a reform plan for the existing economic system of capitalism. The major tenet of state-sponsored socialism included government-sponsored legislation to regulate business over time. Although there were many advantages including improving the standard of living and national unity; however, there were also disadvantages because socialism didn’t eliminate poverty nor the social evils inherent in a market-based economy. The economic system of socialism was implemented in Germany during the 19th century through legislation. In some ways, socialism was successful because it lowered the number of unemployed people and it provided healthcare for its poorest citizens. In other ways, socialism was unsuccessful because it was not consistent with the fundamental characteristics of human greed. Although it failed to operate under a consistent competitive profit, the economic system of socialism did address the needs of both entrepreneurs and workers because the middle class grew.
Temkin, G. (1998). Karl Marx and the economics of communism: Anniversary recollections. Communist and Post-Communist Studies, 31(4), 303–328. doi:10.1016/S0967-067X(98)00014-2
“Socialism.” Wikipedia, The Free Encyclopedia. 30 Jan. 2012. Wikimedia Foundation, Inc. 2 Feb. 2012. .
Born from the revolutions of 1848 throughout Europe, Marxism sought to end the class struggles that were destroying the continent. The solution to the problems of all nations occurred to Marx to be Socialism, a branch that is presently known as Marxism. Under this seemingly “utopian” socioeconomic system, equality was granted to all citizens who were in essence a community of one. “. . . universal free education; arming of the people; a progressive income tax; limitations upon inheritance; state ownership of banks. . .”(Palmer 506). These rights of which constituted Marxism eventually went on to be incorporated in Leninism and modern-day socialism. At least in its beginning, the intent of Marxism and the Communist League were noble towards the goal o...
Bender, Frederic L. Karl Marx: The Communist Manifesto. New York: W.W. Norton & Company. ed. 1988.
This book contains a basic yet earnest truth. This world requires Marx now like never before. This thin volume ought to help to arm another era of socialists with the thoughts important to win the fights ahead. At exactly that point will we all be able to appreciate an all-around progressive
Roemer, John E. "Socialism vs. Social Democracy as Income-Equalizing Institutions." Eastern Economic Journal 34.1 (2008): 14-26. ProQuest. Web. 5 Dec. 2013.