Socialist critiques of capitalism
Prior to embarking upon a detailed analysis of the socialist critique of capitalism it is imperative to understand and appreciate the conflicting ideologies of these schools of thought and how they have evolved throughout history. Capitalism and socialism are vastly different systems, both politically and economically, that emerged as responses to an altering world order after the advent of the Industrial Revolution. Prior to the tremendous changes wrought by the rapid technological advances, the world’s economies were not complex and social order was determined by the ruling aristocracy or the Church. The Industrial Revolution and its circumstances paved Continue reading...