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Why did socialists think that private ownership of the means of production was bad?
Wiki User
∙ 9y ago
Socialists - today mostly called social-democrats - never were against private property as such. They only protested (especially in the early 20th century) against the sometimes very unequal way in which wealth in some countries was divided and against the lack of care for people who could not provide for themselves - the lack of social security, basically.
Even the Communists were not against private property as such, but they had a habit of taking away property from people who were considered 'capitalists'.
The 'ideal' of a community where no-one had any property so that all property was communal and where people were given an income according to their needs, where a larger income was almost excusively based on a family being larger of members needing special care, was never put into practice anywhere. Only North Korea comes close but of course the ruling elites there have no lack of property, income and perks.
Wiki User
∙ 7y ago
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Capitalism is an economic system based on?
Ownership of the means of production by a small minority; wages system; production for sale and profit; exploitation
What is capitalism in sociology?
An economic system based on the private ownership of the means of production and distribution in which the goal is to produce profi
Believed that workers should own and control the means of production.?
Socialists
Group that wanted the state to own all means of production was the?
Socialists
What group wants the state to own all means of production?
the group that wanted the state to own all means of production was the
Why was the communist system created by Lenin and Stalin seen as a rejection of Western capitalism?
Communism is an economic system almost the opposite of capitalism. Capitalism is the ownership of property and the means of production and wealth is in the hands of private entities. Communism is ownership of property and the means of production by the government and wealth shared with all.
What idea was proposed by 19th-century socialists?
Government should own the means of production.
What idea was proposed by 19th- century socialists?
Government should own the means of production.
Socialists and capitalists believed that the means of production should operate for the benefit of?
All people
What does private ownership mean?
The term private ownership means that something is owned legally by a private party and not through a government agency. Private shareholders are part of owning the private company.
What type of economy did Egypt have?
Capitalist economy, there is the private ownership of means of production , the same in Iraq, Afghanistan, Saudi Arabia, Lebanon, Siria, Israel,etc.
What is social ownership of the means of production?
Social ownership of the means of production refers to the ownership of the capital equipment and tools used in the production of goods and services by all of society. The concept of the "means of production" refers to large-scale capital goods and factor inputs that require social or collective effort to operate as opposed to personalized tools used in small-scale production, and thus often encompass the means of distribution and exchange.It should be stated however, that "social ownership" is rarely used to define what is state socialism. In most discussions, this is described as "government ownership of the means of production".Social ownership implies that the net product resulting from the production of goods and services accrues to all of society, with control of the means of production determined democratically by both users and workers who have a stake in their operation. There are generally two recognized forms of "social ownership", the first involving the proceeds generated by the use of the means of production being distributed among the worker-members of an individual organization; the second involving the proceeds of their operation being distributed to all members of society.The second form of social ownership means society-wide ownership by a public institution distinguished from present-day states and governments as they exist under contemporary capitalism. This conception of social ownership is about distributing the economic surplus to the entire population as opposed to just those who make use of the tools of production.Social ownership of the means of production is the major defining characteristic of socialism, which is frequently contrasted with capitalism and the concept of private ownership of the means of production.
