We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Can socialism be achieved within a capitalist society - Essay Example

Comments (0)
Can Socialism be achieved within a Capitalist Society? Course and code Date Name of of Institute Can Socialism be achieved within a Capitalist Society? The advancement of human society has been characterized by the emergence of capitalist and socialist economic, political and social systems…
Download full paper
Can socialism be achieved within a capitalist society
Read TextPreview

Extract of sample
Can socialism be achieved within a capitalist society

Download file to see previous pages... The forces of demand, supply and availability of goods determine prices. As a result, there exists a huge gap between individuals in possession of capital and the ones without. Under capitalism, the government has little control over labour forces (Wu, 2002, p. 56; Yunker, 2009, p. 56). Although socialism idea was noble, its enforcement in a modern capitalist society can prove to be retrogressive rather that progressive (Hancke?, Martin, and Mark, 2007, p. 34). The introduction of socialist elements would prove inefficient and wasteful in a capitalist economy. This owes to the difficulties that arise in the organization of production by socialists. Moreover, socialists remain vague on the manner in which the system should be effectively integrated without harming the more stable capitalist form of governance. Gross misconceptions and indolence of the masses about the intentions of socialism also threaten its practicality (Hancke? et al., 2007, p. 58). In effect, this would challenge the scientific thought of rational conduct over life, which promotes rational economic calculations. Socialism would fail to address scarcity, an economic problem, if introduced in a capitalist society. Scarcity stems from the unlimited wants versus limited resources to meet them. Capitalism solves this problem through the theory of value, which asserts that an individual can only chose a good whose value is appeasing. Preference therefore sets the platform for monetary valuations and prices. Socialists do not value pricing or the determination of prices by economic agents. Without prices, valuations of goods and services would not adequately support satisfaction of wants through expending acquired incomes from specialized division of labour (Watson, and Hassett, 2008, p. 121). Socialism, through its limitation of the absence of fluctuating prices and free markets, would undermine proper use of resources in a capitalist society. It is nearly impossible to imagine a successful society that prevents free expression of preferences through a pool of prices. Random and frequent valuations of a resource through the forces of supply and demand are the only sure way of determining whether it is being used effectively to meet human wants. It would be impossible for socialist ideas like these to thrive in a highly competitive capitalist society where only the strong survive (Yunker, 2009, p. 112). While competitiveness in a capitalist society drives civilization, socialist ideas would lead to slow growth. This is because decision making and planning become centralized with bureaucracy standing in the way of development and growth. There is also the aspect of collective effort rather than personal challenge that leaves the society exposed to inefficiency and laxity. There is no place for laxity in a capitalist society as everyone is encouraged to work hard to attain personal development, which often reflects in the overall performance of the economy. Socialists cannot guarantee adequate service to consumers while maximizing profits compared to capitalists. This efficiency arises from the promotion of private ownership of factors of production, which socialists oppose (Lawler III, 2009, p. 6). Freedom by private owners like proprietors and entrepreneurs to acquire and dispose property sets them on the path to determining true prices that reflect market forces of demand and supply. Through such freedom to calculate and ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
Compare and contrast the ways in which one of the main ideologies (i.e. liberalism, socialism, conservatism,
It shall also discuss the extent to which this ideology has transformed itself. In other words, it shall seek to answer whether or not it can still call itself liberalism. In answering these issues, this paper seeks to conclude whether there is a core or essence of liberalism which has survived and which gives it lasting meaning.
10 Pages(2500 words)Essay
In fact no political party which argues for the rights of the working class failed to develop in United States because of various reasons. This paper briefly analyses two questions; why a powerful socialist party failed to prosper in America and why didn't socialism take root in the United States (or did it)?
2 Pages(500 words)Essay
Review of 6(six) articles and meta-analysis on: Use of Ultrasonography for predicting fetal outcome in pregnant women who perce
In first world countries the rate is 5 per 1000 births and poorer countries at 32 per 1000. [1] In the US, intrauterine fetal death (IUFD hereafter) occurs every 6.4/1000 births, according to a 2002 survey. IUFD is death before delivery that takes place from 20 or more weeks in gestation.
8 Pages(2000 words)Dissertation
Globalization & Development, Comment on Capitalist Society
First of all, we had slavery, in the ancient years in many parts of Europe, something that continued over centuries, until the feudal society in the Middle Age, then with French Revolution in 1789, we see the civil class arising, against poor proletarians, until nowadays, when feudalism already disappeared, civil class and proletarians are fighting against each other, for survival and better life conditions, from the side of proletariat.
8 Pages(2000 words)Essay
Communism on the other hand espouses equality and eliminates competition and social stratification leading to a classless society where everybody gets their basic needs and property and labor are communal. While admitting that no country has been successful in applying socialism in its entirety, I believe that his theory creates logical, albeit utopian basis for a society that is just both politically and socially.
3 Pages(750 words)Essay
Einhorn asserts that 'democracy stops at the factory gates'. What are the limits to organisational democracy within market economies and what might a post-capitalist form of work organisation look like
limitation of freedoms promoted by the democratic style of governance; the limitation of democracy has been a phenomenon developed in most social, economic and political fields under the need for increase of market needs, i.e. the need for increase in the employees’
10 Pages(2500 words)Essay
Theorizing Capitalist Society
The constituent parts of a society include the economy, polity, religion, culture and the education system. Social harmony is achieved when all the parts are functional and in decent shape. This essay will explore the
7 Pages(1750 words)Essay
Problems in Capitalist Society: (follows by the topic focus here)
ically show how oppression of first nation women in Canada can be related to Carl Marx’s concepts of “Alienation”, “Primitive Accumulation”, “Capitalism” and “Commodity Fetishism”; Weber’s concepts of “Bureaucracy” and "Class, Status, Party" and
7 Pages(1750 words)Essay
Strategic Plan
Tarleton State Universitys mission is to create an innovative, relevant and an ethical learning community fully to develop the students knowledge, skills and abilities. The establishment of the admission policy with well-defined retention goals for students and support
1 Pages(250 words)Assignment
The Difference between two Socialism Countries China and North Korea
A famous characteristic of the socialism economy is that the goods and services are manufactured based on the value of usage (subject to the society’s needs, hence avoiding underproduction
10 Pages(2500 words)Essay
Let us find you another Essay on topic Can socialism be achieved within a capitalist society for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us