Socialism Flashcards
1
Q
What is fraternity?
A
Bonds of comradeship between humans
2
Q
What is capitalism?
A
Economic system that enforces profit, where wealth is privately owned
3
Q
What is common ownership?
A
Allowing common ownership of means of production, wealth communally owned
4
Q
What is communism?
A
communal organisations of social existence based on the common ownership of wealth
5
Q
What is marxism?
A
Communism is destined to replace capitalism
6
Q
What is revisionism?
A
Less radical view of capitalism, reformed view of socialism
