Summary and Analysis by Chapter

Chapter 5: The Visions of the Utopian Socialists

Founder of British Socialism Robert Owen.

Founder of French Socialism Saint-Simon.

Utopia A name which classifies any social, intellectual, or political scheme which is impractical at the time when it is conceived. Also, a reference to ideal states peopled by perfect human beings.

Socialism State ownership of the means of production, which is obtained through peaceful evolution without loss of personal liberty; the nationalization of all land and minerals, public transportation, trade, and banking, as well as factories — with the profits going to the people as a whole rather than to capitalists or landlords.

Utopian Socialists Reformers inspired by the Age of Enlightenment and the French Revolution who believed in progress and human perfectibility. Because these theorists wished to reform society by voluntary means, they earned the scorn of Karl Marx, who dismissed them as visionary idealists and labeled them "utopian socialists."


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