![]() In the middle of the nineteenth century the birth of a new ideology, the Marxian socialism, created new hopes and aspiration in the minds of numerous men who were quite eager to save people from poverty and squalor of life. Democratic Socialism was Thought more Suitable : In short, the role of capitalism worked as a Frankenstein monster. A large number of men began to blame capitalism for all the evil effects of industrialism. Common men raised their arms against the growing miseries and impoverishment which they believed were the consequences of capitalism.Ĭapitalism created contradiction and this, in turn, forced people to criticise capitalism. People used these weapons in self-defence and unfortunately capitalism had nothing to do. But when the progress of capitalism eroded all these people began to use the weapons provided by capitalism. It encouraged liberalism in political sphere. It supported a liberal system of education and economy. At the initial stages capitalism in various ways encouraged the individual liberty in economic and political fields. But it was found that subsequently capitalism was about to kill these virtues and this it did to serve its own purpose.Įbenstein observes, “The same spirit of critical rationalism later turned against capitalism itself by refusing to accept private property in the means of production on the basis of unquestioning loyalty and mere legal authority”. But the advent and growth of capitalism provided potential fillip to these virtues and these virtues gradually strengthened the foundation of capitalism and stimulated its expansion. Capitalism Encouraged its Rise :įrom the history of Western political thought we come to know that in the medieval period rationalism, independent thought, penchant for ideology had no scope to. In a word, capitalism produced tension and conflict ridden social, political and economic system. “The old middle classes of independent entrepreneurs were gradually replaced by the new middle classes of dependent managers, executives and lower echelons of the white collar salariat”. ![]() Naturally there was no scope of worker-manager relation and tension became the characteristic feature of the capitalist system of production. That is, the same person performed all the activities. ![]() ![]() In the pre-capitalist epoch there was the system of the worker-owner-producer-manager. Wealth and profit were centralised in the hands of a few persons. It destroyed the old cottage and small scale production system and in that place set up large scale production.įinancial and production system was centralised and the decentralisation was replaced. The rapid progress of capitalist economy replaced the individual ownership and production system that prevailed in the pre-capitalist era. This helped the development of science and technology.īut capitalism, at the same time, created numerous problems or evils which appeared to be curse for the majority people of the society. Capitalism brought with it or facilitated the discovery of new scientific inventions and their implementation to practice. Maturity of industrialism travelled along with the strengthening position of capitalism in the economic systems of Western European countries. ![]() Formal sense means democracy has been interpreted by the theoreticians in their own ways. This democratic socialism includes both democracy and socialism and here democracy not in formal sense but in an operative sense. Thus democratic socialism firmly stands on the conception that democratic methods (parliamentary, legal and constitutional) shall be the only methods for setting up a society based on the principles of socialism. So if socialism remains a covetable goal only alternative that remains before its supporters is peaceful and legal procedures which include parliamentary and democratic methods. Because it is believed (by some) that only resort to armed struggle can bring about socialism.īut democratic socialism lays no importance to revolutionary tactics. It also denotes that as an ideology socialism is preferable to any other form such as capitalism or communism.īut though socialism is the supreme goal its realisation is to some extent polemical because at different times different people suggest different methods for setting up a socialist society and in these methods priority is generally given to revolutionary methods, specifically the class struggle or armed conflict. To put it in other words, to arrive at socialist goals through democratic means. In the simplest language democratic socialism means the blending of socialist and democratic methods together in order to build up an acceptable and viable political and economic structure. Democratic Socialism: Definition, Nature, Methods and Tenets! Definition : ![]()
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