Louis Jean Joseph Charles Blanc was a French socialist politician, journalist and historian. He called for the creation of cooperatives in order to guarantee employment for the urban poor. Although Blanc's ideas of the workers' cooperatives were never realized, his political and social ideas greatly contributed to the development of socialism in France. He wanted the government to encourage cooperatives and replace capitalist enterprises. These cooperatives were to be associations of people who produced together and divided the profit accordingly.

Socialism is an economic and political philosophy encompassing diverse economic and social systems characterised by social ownership of the means of production, as opposed to private ownership. It describes the economic, political, and social theories and movements associated with the implementation of such systems. Social ownership can take various forms, including public, community, collective, cooperative, or employee. Traditionally, socialism is on the left wing of the political spectrum. Types of socialism vary based on the role of markets and planning in resource allocation, and the structure of management in organizations.