Intro: Joseph A schumpeter in Capitalism,socialism and democracy defined socialism as The organisation of society in which the means of production are controlled and decision on how and what to produce and who is to get what are made by public authority instead of privately owned and privately managed firms Evolved in the backdrop of socio-economic inequalities generated due to Industrial revolution. hence primarily an economic doctrine as it came against capitalism reject aggregative view of society and support organic view of society (hence the notion of sharing of surplus among all) Core concept- equality(socio-economic). Instead of equality of opportunity they talk about equality of outcomes in opposition to proportionate equality advocated by liberals. After Marx... Democratic/ evolutionary socialism: 1: Edward Bernstein- no need for revolution as now since workers have right to vote , we can bring revolution through parliamentary system. CPI in india left violence and adopted par...