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Compare and Contrast Socialists and Populists - Essay Example

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Author Tutor Course Date Compare and Contrast Socialists and Populists This study seeks to compare and contrast socialists and populists. Primarily, the study will compare and contrast two documents from the first half of the US history work book. The documents to be analyzed include Populist Party platform (1892) and Socialist Party Platform (1912)…
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Compare and Contrast Socialists and Populists
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"Compare and Contrast Socialists and Populists"

Capitalism is an economic arrangement that encourages exploitation of the public for profits. It divides the society into two groups that are always fighting. The first group consists of the rich and the opulent people who own and have power over the ways of creation. This group does not have many people but their resources make them influential in all segments of the government, the church and the economy (Harris and Tichenor 116). People who form the second group in the American society are the working class. They are the majority but the weakest because they do not own the means of production but have to work long hours in the industries that belong to wealthy people. The workers lack unity and, therefore, their numbers do not help them to negotiate for friendly working terms and conditions. They work in hazardous, conditions, but they do not benefit fully from the wealth hat they create (Harris and Tichenor 116). These capitalist conditions were unfavorable to the common man and people developed the populists and the socialist ideologies that aimed at bringing the wealth back to the people. This paper will compare and contrast the populist and the socialism platforms and continue to analyze the degree of their similarities or differences. The socialist party expresses the economic welfare of the employees, and the victories of socialism belong to the people as well as the defeats. Social development laws and science are the key pillars of socialism. Therefore, as far as the social necessities are produced socially, their means of creation and distribution be democratically controlled and socially owned. The Populist Party platform carries a similar ideology that aims to stop public oppression by the controllers of budgets and means of production. Similarities Both the populist platform and the socialism platform discredit the capitalism setting by bringing out the ills caused by capitalism. The two platforms are based on the anti-capitalism ideology (Kipnis 98). They oppose the heavy burden placed on the tax payers and the local industries by the owners of the means of production due to high levels of debts by the country. Further, the two platforms seek to bring every citizen in America to an agreement that they have to be prepared to sacrifice their own interests and forfeit the common benefit of all (Kipnis 98). This can be achieved by speeding the spirit of humanity that will convince the rich to compromise their own quest for wealth and support social development that will benefit the entire nation, without oppressing anyone. In the long run the wealth will repatriate back to the people who create it at the same rate and ratio at which they create it (Harris and Tichenor 116). Furthermore, the two platforms strive to redistribute wealth and empower the workers to rise and fight for their rights collectively. This will help them to streamline the welfare system and, thus, reap the benefits of their labor even after retirement. These two platforms recognize that their objectives cannot be realized, if the control of basic social and economic amenities remains in the hands of private individuals. Therefore, they propose that these sectors should be nationalized, and the government should take total control of their operations. Differences The socialist party platform of 1912 puts a lot of emphasis on the strategies that Read More
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