Presentation1.pptx - Afifa jamil 16281521-024 Socialism before karl marx What is socialism The term socialism refers to any system in which the

Presentation1.pptx - Afifa jamil 16281521-024 Socialism...

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Afifa jamil 16281521-024
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Socialism before karl marx
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What is socialism? The term socialism refers to any system in which the production and distribution of goods and services is a shared responsibility of a group of people. Socialism is based upon economic and political theories that advocate for collectivism. In a state of socialism , there is no privately owned property.
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The history of socialism has its origins in the 1789 French revolution and the changes which it brought, although it has precedents in earlier movements and ideas The austrialn labor party was the world's first elected socialist party when it formed government in the Colony of Queensland for a week in 1899
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Half of 20 th century socialism In the half of 20 th century the soviet union and the communisit party introduced the socialism in the term soviet union model of economic and develpoment and the creation of centrally planned economies directed by a state that owns all the means of production, although other trends condemned what they saw as the lack of democracy
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In the United Kingdom, Herbert Morrison said that "socialism is what the Labour government does" whereas Aneurin Bevan argued that socialism requires that the "main streams of economic activity are brought under public direction", with an economic plan and workers' democracy. Some argued that capitalism had been abolished. Socialist governments established the mixed economy with partial nationalisations and social welfare.
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