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To What Extent Have Socialists Favoured the Common Ownership of Wealth?

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Morgen Evans Due: 21/04/15

To what extent have socialists favoured the common ownership of wealth? (45)

Amongst co-operation, equality and class politics, common ownership otherwise known as collectivism, is one of the core themes and goals that socialists strive to achieve. Socialism is traditionally linked with supporting the idea of common ownership of wealth. Common ownership is the idea that wealth is produced by the collective effort of human labour and should therefore be owned by the community, not private individuals

When looking at how far socialists favour and have favoured the common ownership of wealth it is important to start with the beginnings of socialism. Socialism emerged as a reaction to social and economic conditions created by nineteenth century industrial capitalism. It was linked to the rise of a new class of industrial workers who experienced the poverty and degradation of early industrialism and was a critique of the liberal market society and capitalism. Socialists, after some time, were separated into the forms of revolutionary and parliamentary socialists. And it was the reformist socialists who came to accept capitalism was the best means of generating wealth. The core themes of Socialism all point to the idea of common ownership of wealth. Community, for example, stands for the idea that individuals are inseparable from society and therefore inseparable from one another. They believe humans are bound together by common bonds of sympathy and comradeship and that humans have been moulded by society- to which they belong and owe obligations to it. This links to the socialist view of humans being ‘social criminals’ and that no man is separable form society and that human nature is sociable, gregarious and co-operative and that human relationships stem from sympathy, harmony and care for one another. Leading on from

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