LABOUR party Flashcards
Democratic socialism
moderate socialism that proposes to achieve its aims by democratic means. Its main objective is to mix state control over production with market capitalism
old labour
rad lab policies eg nationalisation redistribution of wealth insurance and extended public sector approach rejected by new labour
third way
-a middle ground which proposed policies between leftist socialism and rightist neoliberalism
new labour
term refering to labours shift towards a more centrist position under tony blair after mid 1990s
clause iv
clause of the labour constitution which set out the aims and values of the party original 1918 clause called for common ownership of industry being controversial later on being removed by tony blair