The Socialist political theory was a theory in which the workers would be able to control industries and have them common property. They were organized together under the banner of common management, power distribution, and an end to a bureaucratic oppression.
The Socialist economic system, however, is planned system unlike Capitalism. There could never be unforeseen market fluctuations, allowing products to be easily distributed through markets, such as the socialist market. The sense of socialism is that nothing is privately owned.
One of the most brilliant people of the world was a socialist himself, Albert Einstein.
Let us discuss Socialism, comrades.
The Socialist economic system, however, is planned system unlike Capitalism. There could never be unforeseen market fluctuations, allowing products to be easily distributed through markets, such as the socialist market. The sense of socialism is that nothing is privately owned.
One of the most brilliant people of the world was a socialist himself, Albert Einstein.
"I am convinced there is only one way to eliminate (the) grave evils (of capitalism), namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals. In such an economy, the means of production are owned by society itself and are utilized in a planned fashion. A planned economy, which adjusts production to the needs of the community, would distribute the work to be done among all those able to work and would guarantee a livelihood to every man, woman, and child. The education of the individual, in addition to promoting his own innate abilities, would attempt to develop in him a sense of responsibility for his fellow-men in place of the glorification of power and success in our present society."
-Albert Einstein, Why Socialism?, 1949
-Albert Einstein, Why Socialism?, 1949
Let us discuss Socialism, comrades.