Question

What was the difference between Utopian Socialism, Marxist Socialism, and Social Democracy?

What was the difference between Utopian Socialism, Marxist Socialism, and Social Democracy?

Homework Answers

Answer #1

Utopian socialism is the presentation of visions and outlines for imaginary ideal societies with positive ideals being the main reason for moving society in such a direction.

Marxist socialism means a specific stage of social and economic development that will displace capitalism, characterised by coordinated production,public ownership of capital and the end of wage labor with a method of compensation.

While social democracy is a political, social and economic philosophy within socialism that supports political and economic democracy.

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