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Nevertheless, wealth is shared in accordance with the individual’s contribution in the creation of that wealth (Wallerstein 73). This implies that those who involved a lot in the creation of the wealth get more share than those who does not contribute much in the creation of wealth. Socialist ideology also discourages the formation of classes or groups since it does not support competition among individuals (Wallerstein 74). To socialists, everybody in the society is considered equal, meaning that no one is considered superior to others. It is also noted that, in a socialist government, all resources are collectively owned by the people who also determine how the resources are to be utilized for the development of the society. Socialists also believe in equality and, therefore, discourage accumulation of capital in the hands of a few according to Wallerstein (73). China is a good example of a socialist state, which has also practiced the liberal system of government. Germany and the U.K. are another classical example of a country that have practiced both socialism and liberalism (Wallerstein 76).
Liberalism is a political ideology which believes in the freedom of people in the society (Wallerstein 74). This implies that it is opposed to any restrictions on people in the society. According to liberalists, the state has the power to control all industries with the aim of eliminating malpractices. However, unlike in a socialist system that discourages private ownership of property, liberalists encourage private ownership of property (Wallerstein 75). The liberalist economic system, like a socialist system, is also structured in a manner the ensures fair distribution of national resources to every individual in the society as noted by Wallerstein (75). However, in a liberalist system, the activities of private welfare is regulated by the government or laws aimed at barring them from exploiting their
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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.
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)?
It was published by the University of Toronto Press, for the Canadian Political Science Association. The article was written by Gad Horowitz started from 1935 to 1967. The main subjects tackled in the article are the Canadian economic conditions, bibliography, periodicals, economics and political science.
This balance results in various implications regarding electoral procedures, rule of law, structure of the government and economic concerns and other significant issues. In society, change is inevitable in government relationships and arrangements and throughout the political world.
Socialism is more related to social relations and equal power for all, for example, equal relations in the management of political and economic situations (World Socialist party). The word “socialism” mainly describes an economic system; the system which favors rules within which wealth is equally distributed among the appropriate people who claim to have a share on the wealth or on the resources they consume.
Classical liberalism is another concept of the political thought that involves focusing on the freedom that an individual needs to receive more importantly than the powers of the concerned state to which the individual belongs to. The current study focuses on a comparative learning on the concepts of classical realism and classical liberalism as well as has an understanding on the influences that these concepts have on the world and its politics internationally.
Modern Political Ideas: THE DIFFERENCE BETWEEN THE THIRD WAY AND SOCIALISM.
Modern politics is a wide area to be discussed about and in concise it can be discussed as something different from medieval and classical political thoughts. Modern political theory comprise of western civilization history in an academic perspective.
Liberalism and socialism reflect the way in which political, social and economic situations are viewed in the society. Socialism is promoted by individuals that advocate for equal distribution of resources throughout the population. Such individuals feel that governments and other authoritative bodies in the society should create policies that eliminate poverty from a society.