socialism Flashcards
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Opposition to free-market capitalism as a flawed and unequal system forms the foundation of socialist ideology.
- Socialists argue capitalism creates class divisions and economic inequality, requiring state intervention to promote equality.
Marx and Engels identified capitalism as inherently exploitative, concentrating wealth and power among the bourgeoisie while oppressing the proletariat.
— Marx and Engels emphasised abolishing private property and redistributing wealth to dismantle class divisions seen in their Communist Manifesto.
- Socialists view trade unions as vital expressions of their collectivist value, a principle supported by Webb, who advocated for trade unions as a means to empower workers and advance gradual, democratic social reform.