Describe the visions of early socialists.

Socialists were against the private property but had differing ideas on how a society without property could operate. Some of visions of socialists are as follows:

(1) Robert Owen- sought to build a cooperative community.

(2) Louis Blanc- He wanted the government to encourage cooperatives and replace capitalist enterprises.

(3) Karl Marx and Fredrick Engels-They argued that the industrial society was ‘capitalist’. The capitalists owned the capital invested in the factories, and the profit of capitalists was produced by workers. Thus, capitalists exploit the workers. Marx believed that this capitalist system would be triumphed by the workers and a socialist society would be established where all property would be socially controlled.

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