Socialism is an ideology that argues citizens are best served by policies that meet the basic needs of society rather than individuals. It originated in Western Europe in the 1800s as critics advocated for reforming the inequality of the Industrial Revolution through egalitarian wealth distribution and small communities without private property. Socialism aims to provide all citizens access to survival needs and care for those unable to participate economically. However, criticisms argue socialist economies may be inefficient and incompatible with civil liberties, and do not eliminate poverty despite redistributing some wealth.

2. • An economy, or economic system, is the way a nation
makes economic choices about how the nation will use
its resources to produce and distribute goods and
services.

5. Socialism:
• An ideology arguing that citizens are best served by
policies focused on meeting the basic needs of the entire
society rather than on serving the needs of individuals as
individuals.”

6. Background:
 The English word “socialism” (1839) derives from the French
“socialisme” (1832) the mainstream introduction of which usage is
attributed in France, to “Pierre Leroux” and to “Marie Rocha Louis
Rey baud” and in Britain to “Robert Owen” in 1827 father of the
cooperative movement.
Western European social critics, including “Robert Owen, Charles
Fourier, Pierre-Joseph Proudhon, Louis Blanc, Charles Hall and Saint-
Simon” were the first modern socialists who criticized the excessive
poverty and inequality of the Industrial Revolution. They advocated
reform via the egalitarian distribution of wealth and the transformation
of society to small communities without private property. Saint-Simon
delineated collectivist principles to reorganize society and build
socialism upon planned, utopian communities.

7. Abolition of private property.
Equality, abolition of hierarchies in society.
Islamic socialism succeeded in political
mobilisation of the masses and Islamisation
increased the role of religion in politics.
Socialism provides all citizens with their survival
needs, creating a stable social environment.
 People who cannot participate economically (due
to mental disabilities, age, or poor health) are still
valued and cared for.

8. Criticisms of socialism range from claims that
socialist economic and political models are
inefficient or incompatible with civil liberties to
condemnation of specific socialist states.
A socialist command economy could not
adequately transmit information about prices
and productive quotas due to the lack of a price
mechanism, and as a result it could not make
rational economic decisions.
Socialism might redistribute some of the wealth
of the richest members of society yet it does not
eliminate poverty.

9. • They have high GDP
• They are facing corruption
• The population is dependented on agriculture
• The judiciary is such that cases are not disposed of in a
very short time

10. • Understood in this way, socialism is not an
imposition on the rich by the poor, in Aristotle’s phrasing
of the danger.
“It is an instance of the rule of all by all, under
common terms of association and it is an instance of an
intervention by the
state that belongs in a larger package.”
It is not factional politics.

11. THANK YOU