Socialism is said to have evolved from the industrial revolution that shook Europe in the first half of the 19th century.
Taken to be an affiliate - but distinct from the Marxist form of government and law-making (Karl Marx and Friedrich Engels, who created the concept of Marxism, called it “scientific socialism”).
Bogdanor commented that the common features of socialism include:
“.. condemning the concentration of wealth that was associated with capitalism.... (and) public ownership of the means of production, distribution and exchange....”
REFERENCES:
- Bogdanor, Vernon, The Blackwell Encyclopedia of Political Science (Oxford, Blackwell Publishers, 1991), p. 578-579.
- McLean, I., and McMillan, A., Oxford Concise Dictionary of Politics, (Oxford: Oxford University Press, 2003), p. 337-338.