+1 862 207 3288 Socialism cannot exist within a capitalist society. This is because the two ideologies of socialism and capitalism fundamentally contradict each other with regard to both their principles and how these principles are achieved. Whilst free market capitalism is based upon inherent individual rights, socialism is based on government-granted special privileges. In order to analyse whether socialism can exist alongside capitalism, one must specify definitions of socialism and capitalism to be referred to for the purpose of this essay. Scruton defines socialism as a social and economic system that is supposed to be the transitional stage between capitalism and communism. The means of production are taken into social ownership, and the state persists as an administrative machine, upholding a new order of legality, and a new system of rights, in such a way as to permit the emergence of true c…(short extract)
