Q. 163.8( 5 Votes )

Who were the soci

Answer :

Socialists were against private property and saw it as the root of all social ills. They believed in the idea of cooperatives.

In cooperatives, people made associations and produced goods together. The profits of the business were divided among all members of the association.


However, different socialists had different views regarding how the cooperatives were to be made. Robert Owen, one of the founders of socialism, suggested that cooperatives should be built on individual initiative. Other socialists like Louis Blanc wanted the government to encourage cooperatives and replace capitalist enterprises.


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