Socialism Flashcards
Fraternity
The bonds of comradeship between
human beings
Cooperation
Working collectively to achieve
mutual benefits
Capitalism
Goods are produced for profit and
wealth is privately owned.
Common ownership
All are able to benefit from the
wealth of society and to participate
in its running.
Communism
communal organisation of social
existence
Collectivism
Bringing together for the purpose of
common ownership
Evolutionary socialism
A parliamentary route to communism
Marxism
it is inevitable that capitalism will
be replaced by communism
Revisionism
socialism that involves a less radical
view of capitalism and a reformed
view of socialism
Social justice
Redistribution of wealth to limit inequality
Class consciousness
Understanding of social class, how it
defines you and the struggle in history
Historical materialism
Economics defines society, law and culture
Dialectic
Two opposing sides – proletariat
and bourgeoisie
Keynesian Economics
The market should be regulated to prevent turbulence
The Third Way
A merging of capitalism and socialism
Marx and Engels - State
The executive of the modern state is but a committee for managing the common affairs of the whole bourgeoisie
The state is nothing but a machine for the oppression of one class by another
Rosa Luxemburg - state
The state is not a neutral institution, but is always allied with the dominant economic class.
Luxemburg - economy
The capitalist economy is inherently unstable, and crises are an inevitable part of its functioning
Luxemburg - society
Socialism means the exploitation of the capitalist system, with its exploitation of labour and the accumulation of wealth in the hands of a small minority
Webb - state
The state has a duty to provide for the basic needs of the population, such as food, shelter and medical care
Webb - economy
The economy must be planned and managed in a way that ensures social justice and economic efficiency
Webb - society
Socialism means the end of the class system and the creation of a society in which all individuals have the opportunity to develop their full potential
Crosland - economy
The purpose of socialism is to increase the general welfare of the population and not to merely expropriate the rich
Crosland - society
A socialist society would place much greater emphasis on collective provision for basic human needs, such as health care, housing, education and social security
