Socialism - Capitalism - Communism - Chartism - Marxism Flashcards
What is democratic socialism?
Socialism is an economic system in which the means of production are owned and controlled by the community and goods and services are distributed based on individual need.
In a socialist system, there is typically more government control over the economy and less emphasis on individual profit.
Socialism is often associated with the goal of achieving a classless society, where everyone has equal access to resources and opportunities, and where there are no social or economic inequalities.
What is capitalism?
Capitalism, on the other hand, is an economic system in which the means of production are owned and controlled by individuals or private entities, and goods and services are distributed based on market demand and individual initiative. In a capitalist system, there is typically less government intervention in the economy and more emphasis on individual profit.
What is communism?
Communism is an economic system in which all resources and means of production are owned and controlled by the community as a whole, and goods and services are distributed based on individual need. In a communist system, there is no private ownership and no class distinctions, and the state plays a central role in planning and directing the economy.
What is Chartism?
Chartism was a working-class movement in Britain during the mid-19th century that aimed to achieve political and social reforms through a petition known as the People’s Charter.
What is Marxism?
Marxism is a political and economic theory developed by the German philosopher and economist Karl Marx. It is a critique of capitalism and advocates for the overthrow of the capitalist system to establish a classless society based on common ownership of the means of production.
What was the People’s Charter?
The aim of the Charter was to achieve greater political and social rights for the working class and to create a more democratic society.
What is state socialism?
a political system in which the state has control of industries and services.
Left Wing
The Left Wing is applied to people and groups that have liberal views. That generally means they support progressive reforms, especially those seeking greater social and economic equality.
- Freedom, Equality
Right Wing
The Right Wing, refers to people or groups that have conservative views. That generally means they are inclined to preserving existing conditions and institutions. Or, they want to restore traditional ones and limit change.
- Authority, hierarchy, order
Libertarian
an advocate or supporter of a political philosophy that advocates only minimal state intervention in the free market and the private lives of citizens. They see government intervention as a threat to individual rights and freedoms.
(Bottom of Political Compass)
Authoritarian
A way of governing that values order and control over personal freedom. A government run by authoritarianism is usually headed by a dictator.
(Top of Political Compass)
Co-operative Movement
Cooperative movement is a social and economic organization where individuals or businesses come together to form a cooperative for mutual benefit.
When poor working people started giving regular small amounts of money so that, as a group, so they could gain access to goods, services, and resources that they might not otherwise be able to obtain on their own.
Democrat Party
During the Industrial Revolution, the Democratic Party generally represented the interests of working-class Americans, including factory workers and farmers. The party was a vocal advocate for labor rights and the regulation of business practices to protect workers and consumers.
Fabian Society
The Fabian Society is a British socialist organisation whose purpose is to advance the principles of social democracy and democratic socialism via gradualist and reformist effort in democracies, rather than by revolutionary overthrow.
Laissez Fair
The government did not interfere with the workings of the market, allowing businesses to pursue their own self-interest and workers to compete for jobs and wages in an open and competitive marketplace.
It led to the growth of large-scale capitalism, the expansion of trade and commerce, and the emergence of new technologies and forms of production. Also had negative effects like exploitation of workers, economic inequality, and monopolies.
