Socialism developed in the era of the industrial revolution. Famous socialist figures include Karl Marx, Thomas More, and Simonde de Sismondi. The following is the definition of socialism and development in Indonesia.
Definition of Socialism
According to the Big Indonesian Dictionary (KBBI), socialism is an understanding or teaching of the state and the economy, which seeks to make property, industry, and companies the property of the state.
The word social means society. While social means togetherness and mutual cooperation. Socialism is a social view of life that wants to control production centers and share production products equally.
Socialism developed in the era of the industrial revolution. The emergence of communism initially was a protest movement, because the economic capitalist system took away the right to freedom. Communism arises because of differences in the class of capital owners who live in luxury. Meanwhile, laborers earn low wages and high poverty rates.… Read More