Coming of Socialism

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arisha
Arisha Akhtar
Mind Map by Arisha Akhtar, updated more than 1 year ago
Arisha Akhtar
Created by Arisha Akhtar about 7 years ago
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Resource summary

Coming of Socialism
  1. THE MEANS OF PROD. , DISTRIBUTION, OR EXCHANGE SHOULD BE OWNED OR REGULATED BY THE COMMUNITY AS A WHOLE
    1. (one of the visions of how society should be structured)
      1. Socialists against PRIVATE property as it was the root of all social ills
        1. WHY SOCIALISM??
          1. Property owners provided employment
            1. these people concerned with personal gain
              1. not with the welfare of those who made the property productive
                1. so if socialism is present
                  1. MORE ATTENTION WILL BE PAID TO COLLECTIVE SOCIAL INTERESTS
        2. SOCIALISTS HAD DIFF. VIEWS OF THE FUTURE:
          1. Robert Owen
            1. Leading English manufacturer
              1. Sought to build a co-operative community called NEW HARMONY in Indiana
                1. It was felt that co-op can be built only when government encouraged them
            2. Louis Blanc
              1. Wanted the gov. to encourage co-op and replace capitalist enterprises. These co-ops were to be associations of people who produced goods and the profit can be DIVIDED ACCORDING TO THE WORK DONE BY MEMBERS
              2. Karl Marx
                1. Argued that industrial society 'capitalist'
                  1. (FELT) Capitalists owned the capital invested in factories and the profit was actually produced by the workers
                    1. Condition of workers could not improve as long as the profit was accumulated by private property.
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