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Socialism - Papers Online

Socialism

Socialism is an economicand political theory advocating public or common ownership and cooperative management of the means of production and allocation of resources.[1][2][3] A socialist society is organized on the basis of relatively equal power-relations, self-management, dispersed decision-making (adhocracy) and a reduction or elimination of hierarchical and bureaucratic forms of administration and governance; the extent of which varies in different types of socialism.[4][5] This ranges from the establishment of cooperative management structures to the abolition of all hierarchical structures in favor of free association.

As an economic system, socialism is the direct allocation of ...

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socialism. Some currents of socialism, often referred to as state socialism, advocate complete nationalisation of the means of production, distribution and exchange as a strategy for implementing socialism; while social democrats advocate public control of capital within the framework of a market economy. Libertarian socialists and anarchists reject using the state to build socialism, arguing that socialism will, and must, arise spontaneously. They advocate direct worker-ownership of the means of production alternatively through independent syndicates, workplace democracies, or worker cooperatives.

Modern socialism originated from an 18th-century intellectual and working class political movement that criticised the effects of industrialisation and private property on society. Utopian socialists such as Robert Owen (1771–1858), tried to found self-sustaining communes by secession from a capitalist society. Henri de Saint Simon (1760–1825), who coined the term socialisme, ...

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PAPER DETAILS

Added: 2/24/2011 06:45:39 AM
Submitted By: jimmydangol
Category: Social Issues
Type: Premium Paper
Words: 430
Pages: 2

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