Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Socialism - Assignment Example

Comments (0) Cite this document
Du Bois Still Matters: Black Socialism in the Quest of the Silver Fleece-and Beyond” written by Wienen and Kraft (2007) highlights the early development of W.E.B. Du Boi’s socialism as well as its significance in the…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.5% of users find it useful
Read TextPreview

Extract of sample "Socialism"

Summary of “How the Socialism of W.E.B Du Bois Still Matters: Black Socialism in the Quest of the Silver fleece-and Beyond” The article en d, “How the Socialism of W.E.B. Du Bois Still Matters: Black Socialism in the Quest of the Silver Fleece-and Beyond” written by Wienen and Kraft (2007) highlights the early development of W.E.B. Du Boi’s socialism as well as its significance in the present century. Du Bois supports the premise that collectivism serves as a platform for public ownership of industry and an equal distribution of wealth in the society. Du Bois’ support for William Bryan Jennings represents his endorsement of anticapitalistic and egalitarian ideals. Du Bois (as cited in Weinen & Kraft, 2007) reiterated that supporters of Jennings were opponents of corporate ownership and were anti-imperialist.
Du Bois’s socialism is fully reflected in his first novel entitled, “Quest of the Silver Fleece” written on 1911. The novel serves as an antidote for socioeconomic ills experienced in the society. Du Bois explained that his writings aimed to portray the right of black individuals to enjoy and love (as cited in Weinen & Kraft, 2007).
Weinen and Kraft (2007) stress the applicability of Du Bois socialism to the period after Soviet Unions collapse and Chinas transformation from socialism to a state capitalism. Du Bois (as cited in Weinan & Kraft, 2007) asserted the need for solidarity and social service for the continuing class divide between Du Bois’s talented tenth descendants and majority of African American in the twenty first century. In addition, Du Bois stressed the need for leaders to critically analyzed social democratic legacy before proposing the global free trade as a means for economic and social developments of different nations worldwide. Lastly, Du Bois (as cited in Weinan & Kraft, 2007) reiterated that global social democracy serves as a means towards attaining peace.
Wienen, M., & Kraft, J. (2007). How the Socialism of W. E. B. Du Bois still matters:
Black Socialism in the quest of the silver fleece-and beyond. African American
Review 41 (1): 67+. Retrieved from Read More
Cite this document
  • APA
  • MLA
(“Socialism Assignment Example | Topics and Well Written Essays - 250 words”, n.d.)
Socialism Assignment Example | Topics and Well Written Essays - 250 words. Retrieved from
(Socialism Assignment Example | Topics and Well Written Essays - 250 Words)
Socialism Assignment Example | Topics and Well Written Essays - 250 Words.
“Socialism Assignment Example | Topics and Well Written Essays - 250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document



... Socialism in America Even though Europe and America has lot of cultural similarities, the principle of socialism never grown significantly in America as it did in Europe. The entire eastern European countries were once under socialist or communist administration whereas true socialism failed to prosper in America. 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)?  America is perceived as an exceptional country by many of the political thinkers. In fact the term American... because...
2 Pages(500 words)Essay

Socialism And Capitalism

...?SOCIALISM AND CAPITALISM Introduction Trade, that involves the exchange of goods and services between people and entities, is one of the fundamentalpillars of every economic or political system. Market forces that influence trade involves demand and supply forces as well as regulations imposed by political systems. The level of political influence on market forces distinguishes between economic systems. This paper seeks to discuss the three economic systems, capitalism, socialism, and welfare capitalist. The paper will explore the economies’ productivity, political freedom, and level of economic inequality with the aim of comparing the two systems, capitalism, and socialism. The paper...
4 Pages(1000 words)Essay

Democracy and Socialism

...?Democracy and Socialism Democracy Democracy refers to a system of government where people create the government, exercised by people only to serve the interests of the very same people who created it (Becker & Raveloson, 2008). Therefore, democracy refers to the institutionalization of freedom so that the set ideas and principles are molded and vested in an institution. Democracy traces its roots from way back to the Greeks with the creation of states that communities lived in. In these states, citizens had the right and duty to take administrative and policymaking duties (Ehrenberg, 1950). The Athenians then followed it in the 5th century conducting experimental democracy. Since then, there have been turbulent times in...
3 Pages(750 words)Essay

Capitalism and Socialism

...Capitalism and Socialism Capitalism and Socialism are two main economic philosophiesthat have dominated the world economic system for many decades (Schnitzer 19). These are two very different economic philosophies whose features tend to contradict each other. Capitalism is a political as well as economic system in which individuals own means of production and the emphasis is placed on competition as a means for personal success and increasing capital (Schumpeter 53). Socialism is an economic and political system in which the government plans and produces resources, and either actively owns or redistributes resources among the citizens. These two distinct economic philosophies have...
3 Pages(750 words)Essay

Utopian Socialism

...? Utopian Socialism UTOPIAN SOCIALISM Utopian socialism is the belief that social ownership of something, which is useful to a group of people, can be achieved by voluntary and peaceful surrender of the rights of the ownership of the resource by the groups owning them. Thomas More used the name utopia to describe a society where all conflict and problems were overcome. He described it as a society that every man has the right to everything. More blamed waste, poverty and greed on personal property (Guarneri, 1991). To save the situation, More hence introduced the utopian kind of society. Utopian socialism emphasizes that, three things that would happen if...
3 Pages(750 words)Research Paper


...Concisely, Karl Marx’s view on capitalism and socialism was that the former was an exploitative system designed to divide society along class lines between the rich and poor and it will only be successful through exploitation of the workers (Marx 171). 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. Marx...
3 Pages(750 words)Essay

Capitalism and Socialism

...Capitalism VS socialism Capitalism is the world's most spread economic system. Within it, the production line and distribution are owned, operated and traded by private individuals, business or huge corporations. The general view is that capitalism's free enterprise is more efficient, because there are lower prices, competitive power, better goods are introduced and prosperity is flourishing. Whereas, socialism advocates for collective ownership and administration. The capital goods are in state control. Under socialism the community is believed to accomplish its efficiency through central planning. In Marxist theory socialism is regarded as the phase following capitalism...
3 Pages(750 words)Term Paper

Why Socialism

...Textual Analysis of Albert Einstein's essay "Why Socialism" The objective of the given work is to find out what was Albert Einstein's primary purposeor argument in "Why Socialism", to offer support for the answer and show if and how he was successful or unsuccessful in achieving his goal by utilizing different linguistic techniques among which predominates rhetorical one. Originally published in the first issue of Monthly Review in May 1949 Albert Einstein's essay "Why Socialism" presents a set of social and political claims. The major argument of the article concerns the fact that specific combination of personal and social strivings determines the...
5 Pages(1250 words)Essay

Socialism and capitalism

...Socialism and Capitalism Capitalism is the system of the economy that is based on the private and corporate ownership of the production and the distribution of goods. Capitalism has been in existence since the 16th century. Capitalists are people who favor a system that is of free enterprise, which means the, government, should not intervene in the growth of the economy of the nation and individuals who are running the economy. The capitalists say the laws of the demand and supply will ensure that the economy system run efficiently to be able to meet the needs of the people. Capitalism is usually characterized by the competition whereby there is rivalry in the supplying of the goods and services and the acquiring of the...
2 Pages(500 words)Essay


...Capitalism and Socialism. Capitalism and Socialism are diametrically opposed political, economic, and social systems. In a capitalist system, the means of production are owned by private individuals, government intervention is limited and a free-market economy rules. Here, economic freedom is the greatest advantage.  Due to competition, private firms are innovative and efficient, leading to economic expansion and improved living standards. On the other hand, capitalism often leads to economic disparity and monopoly of wealth. The profit motive may cause a tendency towards environmental degradation, unfair pay practices and unsafe working conditions. Money becomes the only criteria of...
1 Pages(250 words)Admission/Application Essay
sponsored ads
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.

Let us find you another Assignment on topic Socialism for FREE!

Contact Us