Socialism developed as a political ideology in the nineteenth century as a reaction to industrial injustice, labor exploitation, and unemployment in Europe. For Karl Marx, who helped establish and define the modern theory of socialism, societal problems were rooted in an economic system which relied on the private ownership of property, and led to wealth remaining in the hands of a few and at the cost of the laborers who were the source of wealth. [pic]
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Karl Marx
Socialism, for Marx, is a society which serves the needs of man. But, many will ask, is not that exactly what modern capitalism does? Are not our big corporations most eager to serve the needs of man? And are the big advertising companies not reconnaissance parties which, by means of great efforts, from surveys to "motivation analysis," try to find out what the needs of man are? Indeed, one can understand the concept of socialism only if one understands Marx's distinction between the true needs of man, and the synthetic, artificially produced needs of man
http://www.marxists.org/archive/fromm/works/1961/man/ch06.htm
Article: Erich Fromm 1961
Title: Marx’s Concept of Man
First published: Publisher: Frederick Ungar Publishing: New York., 1961. pp. 1 – 85
Transcribed: by Sam