socialism Essay - 941 Words

Socialism is a way of controlling the economy, in which the government owns and runs all of the businesses of a society. Socialism can be broken up into two different categories: Utopian Socialism and Scientific Socialism. These two types have some similar views, but also are very different in certain ways. For example, Utopian Society is basically a peaceful way to get what you want whereas Scientific Socialism, which was what Karl Marx represented, held the belief that the only way to get what you want is through revolution. These views of socialism held the total opposite views of a man named Adam Smith, who believed in capitalism, and who wrote the book, The Wealth of Nations. There was agreement between the two different forms of†¦show more content†¦Now, it is time to take a look at the differences in the views of Utopian Socialism and Scientific Socialism. Utopian Socialism arose in the latter half of the 18th Century. These socialists viewed the distribution of wealth as unfair. They believed that the nobles and upper class mistreated the working class. They complained of low wages, bad management and basically all of the conflicts which have risen due to competition, capitalism, and a free market. Utopian Socialists were given this name because the nature of their solution was to basically create a â€Å"perfect† society. A society in which the government, nobles, and upper class would give up their titles to live in a classless society where equality was key. A French man by the name of Pierre Proudhon was in a feud with Karl Marx, and wrote a book called What Is Property?. In it he answered that property was theft, and he had called for an end to private riches. (Heilbroner 153). Utopian Socialists also believed in the â€Å"Golden Rule,† that is, do unto others what you would like done to you. There was no room for bitterness towards other people. They were also very patient in the area of getting what they want. They thought that nothing in life happens quickly and easily. It can be said that they believed in Darwin’s â€Å"Theory of Evolution,† so to speak. They knew that what they wanted to achieve would come slowly, but surely. They would also never resort toShow MoreRelatedSocialism1284 Words   |  6 PagesSocialism High Point University ECO 207 Tony Benjamin Socialism Socialist government is not state government. It would not rule over people and places, but would empower the people to rule over things. Socialism means a government in which the people collectively own and democratically operate the industries and social services through an economic democracy (SLP 2006). Under socialism, it is his/her fellow citizens and co-workers who create the policies and conditions for its communityRead MoreCapitalism Vs. Socialism And Socialism868 Words   |  4 PagesCapitalism vs Socialism Capitalism and socialism have been two school of thoughts in economics that have opposing factors, and there have been a lot of criticisms and comparison on which economy is better in terms of economic equality, and the role that the government plays in the society. In most situations, a society with a better economic opportunities and choices, with more technological advancement and private owned businesses would be a better option to a society that is collectively ownedRead MoreSocialism Essay1354 Words   |  6 PagesSocialism 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 productionRead MoreRevisionist Socialism1088 Words   |  5 PagesRevisionist Socialism What is it? Revisionist socialism seeks to reform or tame capitalism rather than abolish it. †¨It seeks to reconcile socialism with capitalism. It seeks social justice in the sense of narrowing the economic and social inequalities (to varying degrees) within capitalism through welfare and redistribution. Social democracy is the most obvious example of revisionist socialism. Revisionists are invariably parliamentary, not revolutionary, socialists. Bernstien BeginningRead MoreWhat Is Socialism?780 Words   |  4 PagesSocialism means a society restructured according to the working-class principle of solidarity. It means an economy of democratic planning, based on common ownership of the means of production, a high level of technology, education, culture and leisure, economic equality, no material privileges for officials, and accountability. Beyond the work necessary to ensure secure material comfort for all, it means the maximum of individual liberty and autonomy. Working-class socialism - counterposed byRead More Socialism Essay1751 Words   |  8 Pagessociety 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? If the answer were that simple we would live in a perfect society. A problem thatRead MoreSocialism in The Jungle1715 Words   |  7 PagesSocialism in â€Å"The Jungle† By Tyler Dobson Sinclair’s  The Jungle  is a novel that tends to advocate for socialism as a remedy for the evils of capitalism that has dominated a society. Upton Sinclair’s piece was written in 1906, at a time when many European immigrants had migrated to the United States with the hope of becoming prosperous in their lives. However, their expectations were not met as some of them ended up being unemployed and those who managed to get jobs like Jurgis Rudkus inRead MoreSocialism : Socialism Vs. Capitalism1156 Words   |  5 PagesEric Butterbaugh Mrs. Penwell English Composition November 8, 2015 Socialism V. Capitalism In the past the word Socialism or Socialist has been used with a negative connotation but recently with the rise of Senator Bernie Sander, Independent from Vermont, running for the Democratic Nomination for President of the United States of America, it has became a positive word that many people are finding themselves agreeing with and flocking to see a Socialist speak about economic and social problemsRead MoreThe Misunderstandings of Socialism1238 Words   |  5 PagesQuotes like Winston Churchill’s have become part of the political rhetoric when leaders discuss the idea of socialism. In current events you can see the exact same argumentation being used against legislation such as the Affordable Health Care Act. Conservative talking heads such as Bill O’Reilly equate it to socialism because, as Mr. O’Reilly says himself, â€Å"[i]n order to provide for the have nots, the far left wants the federal government to seize the assets of solvent Americans. Thatâ₠¬â„¢s what ObamaCareRead MoreThe And The Balance Of Socialism1370 Words   |  6 Pages May Fourth and the Balance of Socialism in China This essay examines the acceptance of communalism in China amidst all the challenges that contributed and moulded it. These challenges include anarchism, communism and New Village Movement. After the end of World War 1 and subsequent collapse of the Qing dynasty, the May fourth era was a time when China seemed intimidated by social war resulting from inequalities of modernization and imperialism from abroad. The Chinese intellectuals were opposed