Exploring the Merits of Socialism Over Capitalism Today

This essay argues that socialism is a superior ideology to capitalism, offering equal economic opportunities for all citizens. It references the socialist movement led by Rosa Luxemburg and Karl Liebknecht, who fought for a transition from capitalism to socialism. The essay highlights socialism's focus on welfare, resource redistribution, and economic management, contrasting it with capitalism's reliance on the free market. Reformist socialists advocate for the adoption of socialism due to its promotion of economic democracy, internationalism, cooperative ownership, and free association, ultimately leading to economic growth. The essay also touches upon socialism's commitment to economic equality through measures like free healthcare, education, and social security, arguing that it provides a more equitable system compared to capitalism.

Running head: SOCIALISM 1
TOPIC: SOCIALISM
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Date of Submission

SOCIALISM 2
Germany remembers Rosa Luxemburg 100 years after her murder: Retrieved from The
Guardian Newspaper.
Research question: Why should socialism be accepted over capitalism?
Thesis statement: Socialism is a superior ideology that offers equal economic opportunities for
all citizens.
Explanation
Rosa Luxemburg who was murdered alongside her comrade Karl Liebknecht was a
leader of a socialist movement that was fighting for transition from capitalism to socialism.
Revolutionary socialists believe that the world should be a communist society. They argue that
there is a need to integrate the working class into capitalist society. This is because it focuses on
welfare of all, redistribution of resources, and better economic management (Frank, 2016).
Therefore, socialism has been marked to be a better ideology compared to capitalism.
These demonstrations take place every year and acts as a reminder to the Germans that
the working class should not rely on social-democratic leaders and reformists to build a socialist
society. Luxemburg criticized the 1st World War due to use of imperialism and capitalism rather
than relying on moralistic basis (Kate & Josie, 2019). Luxemburg influence was felt globally.
Socialism fights for economic equality such as free or subsidized healthcare, free public
education, low taxes for the poor, and social security for the elderly. Capitalism, on the other
hand, believes that the free market should determine the economic losers and winners in the
society. However, reformist socialists argue that socialism should be adopted by every country
since it leads to economic democracy, internationalism, cooperative common ownership,
collective ownership, and free association (Frank, 2016) thereby leading to economic growth.

SOCIALISM 3
References
Frank, A. G. (2016). Transitional ideological modes: Feudalism, capitalism, socialism. In
Critical Anthropology (pp. 93-110). Routledge.
Kate, C., & Josie, B. (2019). German remembers Rosa Luxemburg 100 years after her murder.
Retrieved from: The Guardian. January, 15, 2019.
https://www.theguardian.com/world/2019/jan/15/germans-take-to-the-streets-to-celebrate-rosa-
luxemburg-karl-liebknecht-berlin