Preface:Geopolitical Futures’ George Freidman makes the case that since the French Revolution and the Industrial Revolution, the roles of capitalism and Socialism have coalesced into what we argue about today: “Democratic Socialism” … It’s already here, folks!
Socialism is a global political movement that emerged from the French Revolution.
The important difference between socialism and capitalism – even more important than what each actually preaches – is that capitalism is less an intellectual or moral system than a reality born of the industrial revolution. Socialism, on the other hand, has always been an intellectual movement, crafted by intellectuals such as Saint-Simon, Fourier, Lassalle and Marx, all of whom made the moral case for socialism and imagined what such a system would look like. These intellectuals loathed inequality and despised the intellectual shallowness of the rich and sought to create a political movement that could bring their vision to life. It was commandeered by politicians such as Karl Kautsky in Germany, and Vladimir Lenin in Russia.
Socialism argued that the private ownership and control of investment capital, which created the means of production, was flawed in two ways. First, it diverted wealth from the common good to the private benefit of the rich. Second, in investing on the basis of the highest return on capital, capitalism neglected investment in social goods that had a lower or no return on capital. It limited human possibilities.
In general, socialism advocates a radical restructuring of society – the means of production should be transferred to state control, and the state should determine the investment strategy. There were three underlying goals to this argument. First, that socialism would make possible the political equality that wealth inequality did not allow for. Second, that the state would produce for the common good, since state officials would not profit from the decisions they made. Finally, that the state would be controlled democratically, and therefore be under control of the public. (READ MORE)