who is credited with creating an alternative to capitalism called communism or socialism
History of socialism The history of socialism has its origins in the 1789 French Revolution and the changes which it wrought, although it has precedents in earlier movements and ideas. The Communist Manifesto was written by Karl Marx and Friedrich Engels in 1848 just before the Revolutions of 1848 swept Europe, expressing what they termed "scientific socialism". In the last third of the 19th century, social democratic parties arose in Europe, drawing mainly from Marxism. The Australian Labor Party was the world's first elected socialist party when it formed government in the Colony of Queensland for a week in 1899.[1]
The Protestant Ethic and the Spirit of Capitalism Although not a detailed study of Protestantism but rather an introduction to Weber's later studies of interaction between various religious ideas and economics (The Religion of China: Confucianism and Taoism, The Religion of India: The Sociology of Hinduism and Buddhism, and Ancient Judaism), The Protestant Ethic and the Spirit of Capitalism argues that Puritan ethics and ideas influenced the development of capitalism. The 'spirit of capitalism' does not refer to the spirit in the metaphysical sense but rather a set of values, the spirit of hard work and progress.[5]