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Line 197: − − ==Economic theory== − The [[Atheism|atheist]] [[Karl Marx]] is sometimes refered to as the father of socialism. Economist Thomas Sowell observed: − {{cquote|The Marxian contribution to economics can be readily summarized as virtually zero. Professional economics as it exists today reflects no indication that Karl Marx ever existed... [T]he development of modern economics has simply ignored Marx. Even economists who are Marxists typically utilize a set of analytical tools to which Marx contributed nothing.<ref>Thomas Sowell, ''[http://books.google.com/books?id=TVkVAAAAIAAJ Marxism: Philosophy and Economics]'' (Taylor & Francis, 1985) ISBN 0043201717, p. 217.</ref>}} − − Often socialism is a matter of degree and numerous economies in the world are very socialistic such as [[Europe]]an countries (many of which are facing financial difficulties due to over taxation and excessive spending).<ref>https://www.americanthinker.com/blog/2010/05/european_socialism_is_bleeding.html</ref>
→Economic theory
Although socialist parties are common in Europe, the leading examples all currently embrace some free enterprise, individual property rights and certain other aspects of capitalism although leading European Socialists are very critical of America. In many European countries socialism has been changing to [[Social democracy]].
Although socialist parties are common in Europe, the leading examples all currently embrace some free enterprise, individual property rights and certain other aspects of capitalism although leading European Socialists are very critical of America. In many European countries socialism has been changing to [[Social democracy]].
== Criticism of socialism ==
== Criticism of socialism ==