Socialism Essay

Socialism Essay

Length: 1345 words (3.8 double-spaced pages)

Rating: Strong Essays

Open Document

Essay Preview


Socialism is the economic theory or system, in which the community owns the means of production, distribution, and exchange collectively, usually through the state. It is characterized by production for use rather than profit, by equality of individual wealth, by the absence of competitive economic activity, and, usually, by government determination of investment, prices and production levels. It is collective because society can control production unlike capitalism and because production is for the common good rather than for individual profit. At the same time it is individual because workers are no longer a large alienated group of people employed by a minority of owners. Work becomes a free and self-affirming activity for each worker and they receive the benefits of the labor. The capitalists no longer control production nor grow rich from other's hard work—everybody is an owner. Socialism in theory means far healthier individuals and human relationships. It means full participation by each individual in the intellectual, cultural and political life of society. For individuals, socialism means an end to economic insecurity and exploitation. It means workers cease to be commodities bought and sold on the labor market and forced to work for someone else. It means a chance to develop all individual's capacities and potentials within a free community. The sole purpose of socialism is to provide for everyone. This is the reason it has been implemented in underdeveloped countries so that the government can provide for all the citizens. Under capitalism the lower class is often left behind. It is for this reason the working class is the biggest supporters of socialism. Socialism ensures that there ar...

... middle of paper ...

...e 1970's unemployment, inflation, high interest rates, and little economic growth started to arise. Government regulations have impeded industrial growth in favor of protecting its natural setting. This is just one example of government interference.
The British government spends heavily on social services targeted toward lower-income groups. These include housing, health care, education, and pensions. Trough these programs Britain has reduced inequality of income distribution and was one of the most equal democracies in the seventies. One of the most successful of these services was the National Health Service founded in 1948. Its affects were celebrated in the seventies. Such programs are the reasons why Great Britain is in part a socialist nation but at the same time the free market for most of the industry ensure a capitalistic system at the same time.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay on Liberal Socialism And The Utopian Socialism

- conservative socialism, and critical utopian socialism. Reactionary socialism comprises feudal socialism, petty-bourgeois socialism, and German socialism. Feudal socialism is the earliest form of socialism brought by the expansion of the bourgeois. Marx condemns the feudal socialists for exploiting the working class when they were in power and disregarding the progress of history. On the other hand, petty-bourgeois is the class that fluctuates between proletarians and bourgeois. The petty-bourgeois socialism has a characteristic standard of the proletariat and is criticized by Marx for its urge to reinstate the old form of socialism....   [tags: Marxism, Socialism, Communism, Karl Marx]

Strong Essays
734 words (2.1 pages)

Socialism And Communism And Socialism Essay

- Socialism Socialism is a kind of monetary system, a political association, and a social speculation. Socialism is based on the idea that governments should have some control of the nation 's economy, including the earnings of manufacture, and the directive of trade rather than the individuals. Socialism came about from watching the achievements of capitalism. Socialism was first used to explain disagreements to the free enterprise and market economies. The Industrial Revolution was the reason for many social troubles....   [tags: Socialism, Communism, Karl Marx, Marxism]

Strong Essays
1488 words (4.3 pages)

Capitalism Vs. Socialism And Socialism Essay

- Capitalism vs. Socialism Have you ever wondered what the difference is between capitalism and socialism. People throughout the ages have argued that one is beneficial while the other is not although there have been governments throughout the ages with a mixture of capitalism and socialism. Capitalism and socialism are both economic systems, however, they have strong differing ideas about government intervention when it comes to the economy. Capitalism primarily puts the control of the in the hands of the people through consumer choice, whereas socialism gives government control of the economy leaving the individual powerless....   [tags: Capitalism, Economic system, Communism, Socialism]

Strong Essays
725 words (2.1 pages)

Thomas More’s Impact on Humanism and Socialism Essay

- Thomas More’s Impact on Humanism and Socialism The socialist movement began with the coining of the term in 1832 in France, concurrently with the revolution in England (Birth of the Socialist Idea). Thomas More was born in 1478 and Utopia was published over 300 years before this uprising, yet there is much parallelism in Thomas More’s humanism and the socialism that is moderately practiced throughout the world. DEFINITION OF HUMANISM (ENGLISH BOOK), whereas socialism is a societal and governmental system based on equality and social justice that requires government intervention in economic affairs (Socialism)....   [tags: Socialism]

Strong Essays
1182 words (3.4 pages)

The Theory Of Socialism By Jedediah Purdy Essay examples

- 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....   [tags: Capitalism, Socialism, United States]

Strong Essays
1176 words (3.4 pages)

Communism And Socialism Vs. Communism Essay

- Communism and Socialism are different economic views that were adopted by two very different countries. Adopted first by Russia, communism teaches “the complete merging of the individual in the society to which he belongs. There is no private ownership whatever. (xxx)” On the other hand socialism (first adopted in France) is the belief the economy should be run via a collective ownership of all goods by all the people. However, despite their many differences both had in terms of how to the economy should be run, both also share multiple similarities as well....   [tags: Communism, Marxism, Socialism]

Strong Essays
896 words (2.6 pages)

Essay about Comparing Socialism and Communism

- The life in the U.S compared to that of the Soviet Union during the 60’s is an amazing phenomenon of a declining life expectancy in a highly developed country just like in the case of the Soviet Union during the 60’s down to the 70’s. The result of the life expectancy rate in the Soviet Union shows that there is only a small part to true informal changes in the state of living. However, the weak point of the measures of life expectancy is of vital importance, although another factor is the unfavourable selection of risks by war, thereby making a less valuable comparison between the international and inter temporal....   [tags: Socialism vs Communism ]

Strong Essays
703 words (2 pages)

Security Through Socialism Essay

- In the novel, The Jungle, written by Upton Sinclair, a migrant worker by the name of Jurgis travels to Chicago in an effort to give himself a better life. He starts off good in America, as he quickly gets a job. His future in America looks promising. But not for too long though, as he quickly starts to perish under the misfortune of losing his wife, home, multiple jobs and the only son he ever had. Once Jurgis starts taking a socialistic view though, he becomes hopeful in his daily life. In The Jungle, Upton Sinclair hopes to use Jurgis’s unfortunate life to advocate for socialism....   [tags: Socialism, the Jungle, Upton Sinclair, ]

Strong Essays
526 words (1.5 pages)

Third World Socialism Essay

- Third World Socialism Many United States citizens are frightened by the word Socialism. However, the predominant ideology in most Third World countries is socialism. There are many reasons why Third World countries have turned to socialism as their form of government. The main reason the Third World has taken on the concept of socialism is because of the history of feudalism and colonialism that these countries faced for so many years. Socialism was seen as a way to reform the land of many underdeveloped countries....   [tags: Socialism Socialists Governmental Essays]

Strong Essays
1539 words (4.4 pages)

Essay on Socialism

- What would happen if we all made the same amount of money. To understand what our society would be as socialist, we must understand the difference between socialist and capitalist ideas. The question becomes not so much as what is socialism, but how does it differ from capitalism, and what is wrong with capitalistic ideas to where we would need socialism. The problem becomes where do you draw the line between capitalism and socialism to where we have trust, sense of community and also competition....   [tags: socialist]

Strong Essays
1750 words (5 pages)