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Socialism to replace Capitalism?

Updated on October 5, 2014

Capitalism gives way to Socialism?

So, I've read that Karl Marx believed that Capitalism is too easily abused by the people. And, further that he believed that an uprising of the working class must take place is what I have learned in reading online today. But, if the uprising occurs in the working class, does this lead to socialism, by default, or could there be another option? Socialism seems to be an option that lends itself to better public policing of itself in order to avoid the abuse that occurs in capitalism. And, then there is the statement that I read that says that Socialism only works on paper. So, I ask what other options are available when it seems that Capitalism has faulted so often recently, at least in my opinion.

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    • someonewhoknows profile image

      someonewhoknows 2 years ago from south and west of canada,north of ohio

      The people who live under any government should have almost all the say about how that government is run .Not just those they elect.

    • jgshorebird profile image

      jgshorebird 2 years ago from Southeastern U.S.

      If one places a city in the middle of a semi-free country and hires a crook to make the plans, one never utilized Rand's principles.

    • cathylynn99 profile image

      cathylynn99 2 years ago from northeastern US

      there was a city in south america designed strictly on rand's principles. it didn't last long.

    • jgshorebird profile image

      jgshorebird 2 years ago from Southeastern U.S.

      The first thing one must realize it that Capitalism, as Ayn Rand, defined it, has never existed. Socialism, in it's many forms, has been tried, repeatedly - and it has failed each time. It's the old argument of Freedom v. Slavery. Free Trade (Capitalism) v. Socialism (Slave Trade). There is no working class. There are simply people, with the right to trade or not. Pick a side.

    • maxoxam41 profile image

      Deforest 2 years ago from USA

      What does socialism on paper mean? Which country REALLY did apply socialism? Which country did stimulate the demand versus the offer? The only certainty that we have is that capitalism is a failure. Knowing that fact, I do want to try Keynesianism.