Socialism

Julia Johnson

What is Socialism?

Socialism is a social and economic system characterised by social ownership of the means of production and co-operative management of the economy, as well as a political theory and movement that aims at the establishment of such a system.

Robert Owen's Socialism

Robert Owen's Socialism was the best economic philosphy, attracting many people because:


  • Socialism has social equality
  • Socialism has ecomonic equality
  • Socialism has medical equality
  • Socialism has political equality

Advantages Socialism has over other Philosophies:

  • Provides a fair system
  • Reduces disparaties
  • Provides unity
  • Improves standard of living

Places that Practice Socialism:

  1. China
  2. Denmark
  3. Finland
  4. Netherlands
  5. Canada
  6. Sweden
  7. Norway
  8. New Zealand
  9. Belgium