The Institution of Socialism

As already mentioned, I allow my opponent to use Chicago citations instead of MLA. I, however, will utilize MLA in this debate. I will now define the term 'Socialism', which has been misinterpreted for a while now. People assume that Socialism is a bad economic philoshopy, but they fail to see the sincere goodness of a Socialist belief. Socialism is, according to diffen. com, "[f]rom each according to his ability, to each according to his contribution. Emphasis on profit being distributed among the society or workforce to complement individual wages/salaries. " I would like to assure my opponent as well as the viewers that I am not a Socialist. However, a few elements of the philosophy have found their way into my personal political and economic ideology and I see both the pros and cons of it. However, Socialism is a great idea. I will prove so in this debate. I will not begin my argument immediately by saying why I support Socialism. I will begin by stating a brief history of the ideology, then I will go in depth about the values and policies of it, and then I will explain my reasoning. Without further ado, I allow this debate to commence. Main Argument Origin of Socialism/Marxism The notion of Socialism began in the French Revolution of 1789 and was brought about due to Industrial Revolution, but elements found within the philosphy have existed since ancient times. During the French Revolution of 1789, Karl Marx and Frederick Engels promoted the notion of Socialism, an ideology founded upon economic opportunity, social justice, and liberty. This notion spread around Europe and Asia, primarily France, Russia, and Germany. In time, the Socialist movement grew to become the Socialism we know today. Policies and Values According to Wikipedia, "Socialism is a social and economic system characterised by social ownership of the means of production and co-operative management of the economy, as well as a political theory and movement that aims at the establishment of such a system. " "A socialist economic system is based on the organisational precept of production for use, meaning the production of goods and services to directly satisfy economic demand and human needs where objects are valued based on their use-value or utility, as opposed to being structured upon the accumulation of capital and production for profit. In the traditional conception of a socialist economy, coordination, accounting and valuation would be performed in kind (using physical quantities), by a common physical magnitude, or by a direct measure of labour-time in place of financial calculation. On distribution of output there has been two proposals, one which is based on the principle of to each according to his contribution and another on the principle of from each according to his ability, to each according to his need. The exact methods of resource allocation and valuation are the subject of debate within the broader socialist calculation debate. " Why I Support SocialismSocialism has been painted as something it is not. People assume that it is a negative economic and governmental philosphy. However, they are wrong. They cannot see the genuine goodness within the ideology. Socialism has had a history of going too far. I am not a supporter of that, obviously. However, Socialism in its core is a great idea. In the rounds to come, I will expand on my point. But for now, I believe I have made my case. MLA Citations"Capitalism vs Socialism. " - Difference and Comparison. Diffen. com, n. d. Web. 19 Apr. 2014. <. http://www.diffen.com...;. "History of socialism. " Wikipedia. Wikimedia Foundation, n. d. Web. 19 Apr. 2014. <. http://en.wikipedia.org...;.