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Since the late 19th century, conservatives had used the term "socialism" (or "creeping socialism") as a means of dismissing spending on public welfare programs which could potentially enlarge the role of the federal government, or lead to higher tax rates.
In this book, Hayek aims to refute socialism by demonstrating that socialist theories are not only logically incorrect but that their premises are also incorrect. According to Hayek, civilizations grew because societal traditions placed importance on private property, leading to expansion, trade, and eventually the modern capitalist system, which he calls the extended order. [3]
This is an accepted version of this page This is the latest accepted revision, reviewed on 12 January 2025. Political philosophy emphasising social ownership of production For other uses, see Socialism (disambiguation). Part of a series on Socialism History Outline Development French Revolution Revolutions of 1848 Socialist calculation debate Socialist economics Ideas Calculation in kind ...
Commentators love to argue over whether President Obama's bailout represents the end of capitalism and the rise of an American socialist state. But they're missing a broader, more important ...
It is a world-economy and it is by definition capitalist in form. Socialism involves the creation of a new kind of world-system, neither a redistributive world-empire nor a capitalist world-economy but a socialist world-government. I don't see this projection as being in the least utopian but I also don't feel its institution is imminent.
The Communist Party USA and its allies played an important role in the United States labor movement, particularly in the 1930s and 1940s, but wasn't successful either in bringing the labor movement around to its agenda of fighting for socialism and full workers' control over industry, or in converting their influence in any particular union ...
The economy of the 3rd century BCE Mauryan Empire of India, under the rulership of its first emperor Chandragupta, who was assisted by his economic and political advisor Kautilya, has been described as," a socialized monarchy", "a sort of state socialism", and the world's first welfare state. [15]
As a term, socialism represents a broad range of theoretical and historical socioeconomic systems and has also been used by many political movements throughout history to describe themselves and their goals, generating a variety of socialism types. [8] Socialist economic systems can be further divided into market and non-market forms. [14]