Meaning and Definition of Socialism | Concept and What is.

What is Socialism?

Socialism can be defined as the set of theories and political actions that are responsible for a political and economic system in which raw material the socialization of production, as well as, State control of the economy, either in total or in part.

Originally, socialism was intended to establish a society devoid of social classes, however, with the passing of the years, that intention has been changing to focus more on social reforms possible in the context of the present-day capitalism. Because of this, socialism adopts many definitions depending upon the context, both physical and temporal, in which it is developed.

This movement finds its origin in the French Revolution, and develops mainly thanks to the approaches of François Noël Babeuf. Socialism as a concept began to be used more forcefully during the first years of the 19th century and was released by radical intellectuals, who gave account of the true social effects of the Industrial Revolution.

Many have been those who have opposed the development of capitalism, even since its inception, and have done so for quite different reasons, some for ethical reasons and others by practical issues. Between them, English Robert Owen and the French Charles Fournier and the count of Saint-Simon, who believed that capitalism was set as a form of exploitation and denigration of workers, turning them into real production machines, helping the rich that become increasingly richer and the poor becoming poorer. Although capitalism initially produced effects with dramatic social consequences, over time, regulations and new theories of administration and production began to notice remarkable benefits in the quality of life of workers from other political and economic systems, which has led to a reformulation of the original socialism.

Socialism gets many of its basic ideals from the strong influence he received from liberalism, which shared the idea of abolishing the privileges of the aristocracy and the progress. However, he opposed liberalism as soon as this gave a very important value to the individual achievements and private rights, even if they manage to be forgetting certain aspects of social welfare.
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