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Because of challenges in their economies, several of these communist countries have moved from central planning to letting market forces help determine many production and pricing decisions. Market socialism describes a subtype of socialism that adopts certain traits of capitalism, like allowing limited private ownership or consulting market demands. This could involve situations like profits generated by a company going directly to the employees of the company or being used as public funds (Gregory and Stuart 2003). Many Eastern European and some South American countries have mixed economies. Key industries are nationalized and directly controlled by the government; however, most businesses are privately owned and regulated by the government.

Organized socialism never became powerful in the United States. The success of labor unions and the government in securing workers’ rights, joined with the high standard of living enjoyed by most of the workforce, made socialism less appealing than the controlled capitalism practiced here.

A world map depicting the countries which have adopted a socialist economy, and the length of time which they adopted it for.
This map shows countries that have adopted a socialist economy at some point. The colors indicate the duration that socialism prevailed. (Map courtesy of Wikimedia Commons)

Socialism in practice

As with capitalism, the basic ideas behind socialism go far back in history. Plato, in ancient Greece, suggested a republic in which people shared their material goods. Early Christian communities believed in common ownership, as did the systems of monasteries set up by various religious orders. Many of the leaders of the French Revolution called for the abolition of all private property, not just the estates of the aristocracy they had overthrown. Thomas More's Utopia , published in 1516, imagined a society with little private property and mandatory labor on a communal farm. A utopia has since come to mean an imagined place or situation in which everything is perfect. Most experimental utopian communities had the abolition of private property as a founding principle.

Modern socialism really began as a reaction to the excesses of uncontrolled industrial capitalism in the 1800s and 1900s. The enormous wealth and lavish lifestyles enjoyed by owners contrasted sharply with the miserable conditions of the workers.

Some of the first great sociological thinkers studied the rise of socialism. Max Weber admired some aspects of socialism, especially its rationalism and how it could help social reform, but he worried that letting the government have complete control could result in an "iron cage of future bondage" from which there is no escape (Greisman and Ritzer 1981).

Pierre-Joseph Proudon (1809−1865) was another early socialist who thought socialism could be used to create utopian communities. In his 1840 book, What Is Property? , he famously stated that “property is theft” (Proudon 1840). By this he meant that if an owner did not work to produce or earn the property, then the owner was stealing it from those who did. Proudon believed economies could work using a principle called mutualism    , under which individuals and cooperative groups would exchange products with one another on the basis of mutually satisfactory contracts (Proudon 1840).

Questions & Answers

Please help me about religious perspectives on gender development
Hafeez Reply
Religious dimension of gender development
Hafeez
outline the condition in europe during the 18th and 19th centuries that contributed to the development of sociology
ARCHIBOLD Reply
Why do people deviate from societal norm
lucky Reply
discuss five factors that contributed to the emergence of sociology as an academic discipline
Evans Reply
why is there an increase in education in zambia
Caroline Reply
What is sociology
Celestina Reply
sociology is the study of groups and their way of interaction in the society
lucky
discuss the roles the family has failed as a primary agent of socialisation?
Lotyang Reply
the family has failed as a primary agent of socialisation because it has not been able to inculcate the needed values to bring unity in the society
Damba
please what are the stages in social movement
faith Reply
social movement is the movement where people gathered and keep their own demand to fullfill it social movement generally casus by name of women,untouchbility,dominance in the country
unknown
it also cause in emergence and decline of devlopment then aslo social movement causes generally
unknown
stages in social movement involved people's coming together for the means of interaction and for the welfare of the society
lucky
what is the overview of sociology
Simon Reply
factors that led to the emergence of sociology as an academic discipline
Evans
group life. historical dominancy. cultural variability, complex way of life. social classes and social crisis
Waqar
 The rise and development of sociology is based on political, economic, demographic, social and scientific changes.
Mohamed
sociology is the study of society and their behaviors and also their culture
anwar
theories of sociology
abdinur
sociology is the study of human behaviour
Sahara
sociology is the scientific study of behavioural perspective of human being towards their environmental change, cultural reliability, and all sphere of social value, norms that exhibit their socialisation in the society.
omotunde
question please? why do people deviate from societal norm
lucky
people violate the social rules and norms because they are incapable of been meet up with the societal goals. They lack means of achieving societal means to achieve societal goals.
omotunde
people deviate in society because of they belief and characters .
Ahafianyo
social issues faced in India
Alan Reply
poverty untouchbility corruption child marraige overpopulation all this are the big issues of social in india:)
unknown
reservation system, polluted politics, people's exploration, illiteracy, etc.
what did August comte(1798-1857) say about social dynamics?
elia Reply
what is a monogamous family?
Basu Reply
family or marriage ?
asad
what is a monogamous family?
Basu
?
asad
What is family
Sukhjit Reply
family is type of relationship in this it deals with positive and negative tearms and conditions
unknown
who's a sociologist
Denis Reply
family is a group of people who are lived under one roof and they have a biological relation.
what is the origin and development of sociology?
namiak Reply

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Source:  OpenStax, Introduction to sociology 2e. OpenStax CNX. Jan 20, 2016 Download for free at http://legacy.cnx.org/content/col11762/1.6
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