CBSE Class 9 Answered
what would be the basis of socialist society?
Asked by sbidipak | 02 Aug, 2017, 11:16: PM
Expert Answer
Various socialist had different ideologies and principles as the basis of the socialist society. While Robert Owen beleived in the idea of cooperatives, others beleived that capitalist model of economy should be replaced by socialist model of economy.
Karl Marx believed that that the profits earned by factory owners are produced by workers. He held that to establish a socialist society, Workers have to overthrow capitalism and the rule of private property. Thus, for Marx, the basis of socialist society was the state ownership of resources.
Answered by Social Science Expert | 03 Aug, 2017, 08:28: AM
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