Socialism has been a controversial ideology from its very conception. It is a revolutionary theory which details the overthrow of bourgeois capitalist democracy and its replacement with a dictatorship of the proletariat. Socialism views the capitalist economic structure as exploitative and inequitable as private property and profit are accumulated in the hands of a minority of private individuals. Instead property such as factories, land and businesses should be collectivised, run and owned by those who engage in the production or supply of services, and that profit should not exist exc…
