7.4 Socialism terms

Question 1

2

Fraternity

Answer 1

• The bonds of comradeship between human beings
• Human relationships naturally based on generosity and solidarity rather than competitiveness

Question 2

1

Capitalism

Answer 2

An economic system, organised by the market, where goods are produced for profit and wealth is privately owned.

Question 3

2

Communism

Answer 3

• The communal organisation of social existence
• based on the common ownership of wealth

Question 4

2

Evolutionary socialism (term card)

Answer 4

• A parliamentary route to achieve long term, radical transformation
• in a gradual way through legal and peaceful means via the state

Question 5

2

Marxism

Answer 5

• Ideological system based on writings on Marx and Engels
• inevitable that capitalism will be replaced with communism

Question 6

1

Revisionism

Answer 6

a reformed form of socialism with a less radical view of capitalism

Question 7

1

Social justice

Answer 7

A distribution of wealth that is morally justifiable and implies a desire to limit inequality

Question 8

2

Class consciousness

Answer 8

• A self-understanding of the beliefs related to social class created out of collective struggle
• Leads to exploited class becoming revolutionary class

Question 9

1

Social class

Answer 9

A group of people who have the same socioeconomic status

Question 10

1

Historical materialism

Answer 10

Marxist theory that the economic base (the economic system) forms the superstructure (culture, politics, law, ideology, religion, art and social consciousness)

Question 11

2

Dialectic

Answer 11

• A process of development that occurs through the conflict between two opposing forces
• In Marxism, class conflict creates internal contradictions within society, which drives historical change

Question 12

1

Keynesian economics

Answer 12

Government intervention to stabilise the economy and deliver full employment and price stability