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Define Socialism What does it seek to correct?

Updated: 8/17/2019
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socialism means "a political theory advocating state owner ship of industry" Another definition is "An political system based on state ownership of capital still trying to find what it seeks to correct

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Q: Define Socialism What does it seek to correct?
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What is the definition of socialism and what does it seek to correct?

A political theory which advocates that the community as a whole should own and control the means of production, distribution and exchange


Socialism began as an attempt to correct which disadvantage of capitalism?

An uneven distribution of wealth


Did socialism and Progressive have the same goals for American?

No, Socialists and Progressives have very different goals. Socialists seek to change the economic system of from capitalism to socialism. Progressives seek to reform the capitalist system to make it more just, without questioning the fundamentals of capitalism or challenging the legitimacy of private property and the profits system.


What is the correct answer to the definition to go in search of?

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Is the US on the road to socialism?

No. While the United States government is espousing policies further to the left of what had been a decade earlier, they are a far cry from Socialism and are often trying to seek capitalism and private ownership with some governmental intervention rather than direct government ownership or management (which would be socialism).


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How did Charles fourier and Henri saint-Simon try to correct the ills of the industrialization?

a new economic system called socialism.


How did Charles Fourier and Henri de Saint Simon correct the ills of industrialization?

a new economic system called socialism.


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