Socialism emerged as an economic philosophy as a result of the * inequity of the mercantilist system abuse of the capitalist sys

Question

sashaice [31]

2 years ago

12

Socialism emerged as an economic philosophy as a result of the * inequity of the mercantilist system abuse of the capitalist sys

tem fear of radical communism teachings of Karl Marx

History

1 answer:

NeX [460] · Answer 1 · 2022-10-01T04:55:37+03:00

Answer: abuse of the capitalist system

Explanation:

Socialism has been around for a long time in one form or the other as it basically calls for the resources of a nation to be shared by its citizens in such a way that everyone is taken care of.

It however gained a lot of ground in the 19th century when the industrial revolution led to massive income inequality as a result of the capitalist system. People like Karl Marx began to advocate socialism as a way to address this income inequality.