Topic > Classical Liberalism: The Perspectives of Classical Liberalism...

Furthermore, socialists are very critical of the capitalist system due to its exploitative nature and its need for competition which goes against the cooperative and production-oriented system community nature of humanity (Close et al., 2015). In classical socialism inequality is due to the results of the power relationship between society and the economy (Close et al., 2015). In terms of classical socialism, an equal society is based on the distribution of wealth, income and power, which will lead to a greater sense of community, which in turn will promote solidarity, which in turn will promote cooperation (Close et al ., 2015). Therefore, promoting equality in order to promote human well-being, focusing on material equality and not individual rights (Horner, 2009). In classical socialism some form of collective social sharing of the main means of production is favored over private ownership because it allows decisions to be made in a community (Close et al., 2015). Socialism can be traced back to the work of Karl Marx and Frederick Engels, who created Marxism and led it to communism (James Alexander,