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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 …

…been illustrated. His criticism of capitalism "with all its inherent faults" shows that it demands an alternative however he does not provide a satisfactory answer, as contradictions within socialist democracy could prove as damaging as those within capitalist democracy. Bibliography Fukuyama, Francis "The End of History?" The National Interest (Summer) 1989 Miliband, Ralph "Fukuyama and the Socialist Alternative" New Left Review 1992 No 193 Przeworski, Adam and Sprague, John "Paper Stones" University of Chicago Press Chicago and London 1986