who were the socialist in 19th century europe? what kind of society did they envisage.
who were the socialist in 19th century europe? what kind of society did they envisage.
Socialists are people who believed in the concept of social ownership or in other words ownership of the resources by the entire community. The means of production or the resources were also jointly managed by the entire community. The yields or the returns of production were also shared by the entire community on the basis of their individual inputs. The socialists did not believe in private ownership of land or other means of production.
Some socialists in the 19th century Europe like Robert Owen (1771 -1858), an English manufacturer established a co-operative community called New Harmony in Indiana, USA where in the means of production were jointly owned by the community and the yields were shared equitably. Few other socialists like Louis Blanc (1813 - 1882) believed that governments have to encourage cooperatives and set up cooperative organisations to replace capitalist institutions.
Socialists are people who believed in the concept of social ownership or in other words ownership of the resources by the entire community. The means of production or the resources were also jointly managed by the entire community. The yields or the returns of production were also shared by the entire community on the basis of their individual inputs. The socialists did not believe in private ownership of land or other means of production.
Some socialists in the 19th century Europe like Robert Owen (1771 -1858), an English manufacturer established a co-operative community called New Harmony in Indiana, USA where in the means of production were jointly owned by the community and the yields were shared equitably. Few other socialists like Louis Blanc (1813 - 1882) believed that governments have to encourage cooperatives and set up cooperative organisations to replace capitalist institutions.
