SOCIALISM: 3. branches

Question 1

what are the three branches of socialism?

Answer 1

1. revolutionary socialism
2. social democracy
3. third way

Question 1

definition of socialism

Answer 1

political and economic theory that advocates for the collaborative efforts of the people and regulation of resources by the state for the benefit of the community as a whole

Question 2

who are the key thinkers for revolutionary socialism?

Answer 2

Karl Marx and Friedrich Engels (Marxism)

Question 3

defintion of revolutionary socialism

Answer 3

socialism can be brought about only
by the overthrow of the existing political and societal
structures

Question 4

what did Karl Marx and Friedrich Engels (Marxism) believe?

Answer 4

1. Pioneered key socialist ideas (class struggle, revolution, state as a tool of oppression)
2. Introduced historical materialism and class consciousness

Question 5

which socialism is also known as utopian socialism?

Answer 5

revolutionary socialism

Question 6

defintion of capitalism

Answer 6

An economic system, organised by the market, where goods are
produced for profit and wealth is privately owned.

Question 7

definition of historical materialism

Answer 7

Marxist theory that the economic base (the economic system)
forms the superstructure (culture, politics, law, ideology, religion,
art and social consciousness).