To what extent has socialism been defined by its opposition to capitalism?

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Wednesday 17th October 2007                                                

Past Question: June 2004

To what extent has socialism been defined by its opposition to capitalism?        [60 marks]

Initially the question posed could be answered by defining socialist, as it is derived from the Latin term ‘sociare,’ meaning to combine or to share.  This indicates, being as capitalism is about private ownership that infact the two contrast.

Socialism had its basis in the 19th century and arose as a reaction against economic conditions created in Europe, by the growth in economic capitalism.  It came to represent the impoverish workers who suffered due to early industrialization at the hands of what socialists saw to be the bourgeoisie, and those who profited disproportionately from the working class.  Policies in the early 19th century meant that factory owners had the prerogative to determine wage levels and factory conditions, which were often poor to maximise profits.  It was therefore seen as revolutionary when Utopian Socialists, such as Robert Owen emerged, creating utopian communities where the emphasis was on sharing the accumulated wealth and getting rid of the exploitation that capitalists were advocating.  Hence, groups like the Co-operative Society emerged.

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In contrast however, the likes of Marx and Engels believed the only way to overthrow the capitalist regime was through a revolution, which if necessary would be violent.  This meant also destroying the class system to manifest the bourgeoisie and remove them, allowing equality irrespective of how people had lived before.  The state which was managed by the elite capitalists would wither away, and the socialist’s optimistic view of human nature meant that there would not be as much of a requirement for government.  

Towards the end of the 19th century, socialism had to evolve, due to ...

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