What is Socialism? Who is Karl Marx? What are types, elements and characteristics of Socialism? What are its strengths and weaknesses? Find out.

1. SOCIALISM

2. I. INTRODUCTION
III. CHARACTERISTIC
III. SUMMARIZATION
IV. APPLICATION
Presentation
Outline

3. - Rose in the mid-19th century, the
industrial revolution,
- A reaction to the injustices of early
captalism.
- One of the first people to advocate
socialism was Robert Owen.
- But Owen’s ideas failed but did not
died. Instead, Karl Marx gave rise to
trade unions by his writings.
- Marx used systematic analysis to show
shortcomings of capitalism.
HISTORY:

4. “Workers were the source of
wealth, yet through
capitalism, this wealth went
to hands of a few instead of
trickling back to workers.”
KARL MARX

5. - It is an ideology that stands in
opposition to capitalism and
proposes and alternative which is
more humane and equitable.
- The goal of socialism is to
abolish or minimize class divisions.
- Socialists view human beings as
social creatures who are bounded
by common humanity.
SOCIALISM

6. YES TO COOPERATION
NO TO COMPETITION
YES TO COLLECTIVISM
NO TO INDIVIDUALISM
SOCIALISM

7. MAIN
CHARACTERISTICS

8. 1. PUBLIC OWNERSHIP
- ALSO KNOWN AS COLLECTIVE OWNERSHIP,
WHEREBY ALL MEANS ARE OWNED AND
CONTROLLED BY THE STATE.
2. PLANNED ECONOMY
- STATE IS RESPONSIBLE TO PLAN ECONOMIC
ACTIVITIES.
- THE SOCIETY AS A WHOLE PROSPERS.

9. 3. CLASSLESS OF SOCIETY
- UNLIKE CAPITALIST ECONOMIC SYSTEM THAT HAS
DIFFERENT LIVING STANDARDS, SOCIALIST
ECONOMIC SYSTEM HAS EQUALITY IN ECONOMIC
STATUS.
4. STATE IS RESPONSIBLE FOR BASIC
NECESSITIES OF LIFE
- BASIC NEEDS ARE GIVEN WITHOUT
DISCRIMINATION.

10. 5. EQUAL OPPORTUNITY TO ALL
-MAY NOT GUARANTEE INCOME EQUALITY BUT
GUARANTEES OPPORTUNITY EQUALITY.
-ECONOMIC RIGHTS ARE EQUAL.
6. NON-EXISTENCE OF COMPETITION AND
LIMITED CHOICE OF CONSUMER PRODUCTS
-ABSENCE OF COMPETITION IN MARKET.

11. ELEMENTS OF
SOCIALISM

12. ELEMENTS OF SOCIALISM
COMMUNITY
FRATERNITY
SOCIAL EQUALITY
NEED
SOCIAL CLASS
COMMON OWNERSHIP

13. TYPES OF
SOCIALISM

14. Promotes moral critique of
capitalism. Portrays morally
superior to capitalism.
ETHICAL SOCIALISM
Socialism can only triumph if the
existing political and social system
is overthrown by revolution.
REVOLUTIONARY
SOCIALISM
State recognizes that all
government authority
emanates the people.
REFORMIST SOCIALISM
There is an analysis and social
development in scientific
socialism.
SCIENTIFIC SOCIALISM

15. Replacement of the capitalist
system with socialism.
Capitalism is inferior.
FUNDAMENTALIST
SOCIALISM Does not advocate force to
achieve a socialist society
but gradual reforms to
capitalist system.
REVISIONIST SOCIALISM

16. STENGTHS AND
WEAKNESSES
SUMMARIZATION

17. STRENGTHS
There is equal access to
health care and education
There is a balance
between health and
earnings
It breaks down social
barriers

18. Economic Stability
Rapid Economic
Development
STRENGTHS

19. WEAKNESSES
People are not motivated
to develop entrepreneurial
skills
It runs on bureaucracy
The government has too
much control

20. Lack of economic freedom
Lack of consumer freedom
WEAKNESSES

21. APPLICATION

22. SOCIALISM IN EVERYDAY LIFE
Socialism at home.
Socialism at school.
Socialism at the
community.
1.
2.
3.

23. GROUP MEMBERS
Nicole Angelique Pangilinan
Rachel Lei Dela Cruz
Ednalyn Talens
Sofia Yago
Ella Arcilla
Emmanuel Punzalan
Ericson Buenaventura

24. REFERENCES:
- https://www.cleverism.com/socialism-
characteristics-pros-cons-examples-and-
types/
- https://www.cleverism.com/socialism-
characteristics-pros-cons-examples-and-
types/
- https://futureofworking.com/6-advantages-
and-disadvantages-of-socialism/
- https://www.youtube.com/watch?
v=z_TTYd6yIYI
- https://www.youtube.com/watch?
v=OBYmeLBWjeI