Since the 19th century, socialist economic theory has been a pillar in debates regarding economic organization and the distribution of wealth. This theory emerged as a response to dissatisfaction with the social and economic inequality experienced by Whatsapp Number society at that time. Thinkers such as Karl Marx and Friedrich Engels became central figures in developing this theory, presenting critical views of the capitalism that dominated in their time.
Socialist economic theory, by its very nature, emphasizes collective ownership of economic resources, production, and distribution of wealth. One of the main concepts in this theory is the elimination of private ownership of the means of production, such as land and factories, with the aim of eliminating economic inequality caused by capitalism. In this view, socialism is considered a path to a more just and equal society.
Marxist thought, one of the currents in socialist economic theory, highlights the role of class in shaping the structure of the economy and society. Marx argued that in capitalist society, there is an intrinsic conflict between workers (proletariat) and owners of capital (bourgeoisie). This conflict, according to Marx, would lead to a proletarian revolution that would overthrow capitalism and establish a socialist society.