Socialism Flashcards
What does
Socialism Favour?
Socialism
Needs of the many over the needs of the few
Socialism
What kind of freedom is
Socialism in Favour of?
Socialism
A balance, but more positive freedom
Socialism
Advantages of
Socialism
Socialism
- Reducing wealth disparities, unemployment and inflation (through price controls)
- Ability to make good use of land, labour and resources, as well as avoiding excess or insufficient production
Socialism
Disadvantages of
Socialism
Socialism
- Less entrepreneurial opportunity and competition, and a potential lack of motivation by individuals due to lesser rewards
- Inability to obtain the utmost profit from the use of resources, labour and land
- people who have intelligence and wealth lose chances to make their businesses become bigger and more powerful
- People lose the initiative to work and enthusiasm to study as doing more isn’t rewarded
Socialism
How would a socialist view
Human Nature?
Socialism
A socialist would have a high view of human nature to trust a government to act within the nations best interest.
Socialism
How are resources distributed in a
Socialist Society
Socialism
The state determines how main resources are used and taxes wealth for redistributive efforts
Socialism
What prompted
Socialism?
Socialism
A response to capitalism.
Socialism
Who should control
making, moving and trading wealth?
Socialism
The workers
Socialism
Examples of
Socialist Countries
Socialism
Former: Soviet Union, Nazi Germany
Contemporary: Cuba, Venezuela, China
Socialism
Who
contributed to Socialism?
Socialism
Robert Owen, Hanri de Saint-Simon, Karl Marx, Vladimir Lenin
Socialism
