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Obama And Socialism For Americans

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Uploaded by on Apr 5, 2009

Socialism refers to a broad set of economic theories of social organization advocating public or state ownership and administration of the means of production and distribution of goods, and a society characterized by equality for all individuals, with a fair or egalitarian method of compensation. Modern socialism originated in the late 19th-century intellectual and working class political movement that criticized the effects of industrialization and private ownership on society. Karl Marx posited that socialism would be achieved via class struggle and a proletarian revolution, and would represent a transitional stage between the capitalist and communist modes of production.

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This video is a response to May Day Rallies Turn Violent in Europe
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  • Do you know when this video was made? looks like the late 50's early 60's

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