To what extent has socialism been defined by its opposition to capitalism?
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Wednesday 17th October 2007 Past Question: June 2004 To what extent has socialism been defined by its opposition to capitalism? [60 marks] Initially the question posed could be answered by defining socialist, as it is derived from the Latin term 'sociare,' meaning to combine or to share. This indicates, being as capitalism is about private ownership that infact the two contrast. Socialism had its basis in the 19th century and arose as a reaction against economic conditions created in Europe, by the growth in economic capitalism. It came to represent the impoverish workers who suffered due to early industrialization at the hands of what socialists saw to be the bourgeoisie, and those who profited disproportionately from the working class. Policies in the early 19th century meant that factory owners had the prerogative to determine wage levels and factory conditions, which were often poor to maximise profits. It was therefore seen as revolutionary when Utopian Socialists,...

