Which is the best description of a socialism?

Socialism is a system in which every person in the community has an equal share of the various elements of production. Such a form of ownership is granted through a democratic system of governance.

When did socialism start in the United States?

What Is Socialism. Socialism is a political and economic philosophy that has emerged between the late eighteenth and early nineteenth century. In fact, it is a reaction to the First Industrial Revolution.

How does a state oriented form of socialism work?

In state-oriented forms of market socialism where state enterprises attempt to maximize profit, the profits can fund government programs and services eliminating or greatly diminishing the need for various forms of taxation that exist in capitalist systems.

Why was socialism a utopian movement at the time?

Because at the time ‘socialism’ was a utopian middle-class movement which appealed not to the working classes but to the educated classes. It consisted of adherents mainly of the ‘Fourierists’ and ‘Owenites’ which had already declined into sects with various quack remedies.

When did Paul Foot come up with the idea of socialism?

‘They thought socialism as an economic system was the necessary analog to democracy as a political system.’ ‘It is well known that Stalin first openly advanced his theory of socialism in one country in the fall of 1924.’ ‘Paul Foot was throughout his life a passionate fighter for freedom, justice, internationalism, socialism and democracy.’

What was the definition of socialism in the 1920s?

1 A political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. ‘With the advent of Karl Marx, socialism became a science.’. ‘Since the 1920s, Trotsky fought against the Stalinist theory of socialism in one country.’.

Who are the first social members of socialism?

The first Social , such as children, caretakers, and the elderly. Many forms of socialism exist around the world, and they all differ when it comes to ideas on how best to incorporate capitalism into a socialistic structure. In addition, the different forms of socialism emphasize the diverse aspects of social democracy.