socialism communism and capitalism Flashcards
socialism
This article is about the economic system and political philosophy.
utopia
derives from the Greek in Greek, οὐ (“no”) and τόπος (“place”) and means literally “non-place” or, as glossed Quevedo; “There is no such place”. The word was coined by Thomas More to describe an ideal society, and therefore nonexistent.
Robert owen
was an entrepreneur and utopian socialist British , who put into practice his ideas reformists first in its factory in New Lanark ( Scotland ) and then in the “colonies” of New Harmony , founded in 1825 in the United States , and Harmony Hall, founded in 1840 in Great Britain . Upon his return from America in 1828, he became the great impeller and leader of the British labor movement.
Karl marx
was a German-born scientist, philosopher, economist, sociologist, journalist, and revolutionary socialist. Born in Trier to a middle-class family, he later studied political economy and Hegelian philosophy.
communism
a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs. See also Marxism.
proletariat
The proletariat is a term for the class of wage-earners (especially industrial workers), in a capitalist society, whose only possession of significant material value is their labor-power (their ability to work); a member of such a class is a proletarian.
Democratic
1.of, relating to, or supporting democracy or its principles:
communist manifesto
The Communist Manifesto summarises Marx and Engels’ theories about the nature of society and politics, that in their own words, “The history of all hitherto existing society is the history of class struggles”.
capitalism
an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.
David Ricardo
David Ricardo was a British political economist. He was one of the most influential of the classical economists, along with Thomas Malthus, Adam Smith, and James Mill
Thomas Malthus
The Reverend Thomas Robert Malthus FRS was an English cleric and scholar, influential in the fields of political economy and demography. Malthus himself used only his middle name, Robert.
Dictatorship
Dictatorship is a form of government where a country is ruled by one person or political entity, and exercised through various mechanisms to ensure the entity’s power remains strong. A dictatorship is a type of authoritarianism, in which politicians regulate nearly every aspect of the public and private behavior of citizens.
Laissez Faire
is an economic system in which transactions between private parties are free from government interference such as regulations, privileges, tariffs, and subsidies. The phrase laissez-faire is part of a larger French phrase and literally translates to “let (it/them) do”, but in this context usually means to “let go”.
Ada smith
Ada L. Smith is an American politician from New York. She was born on April 18, 1945, in Amherst County, Virginia, and was raised in New York City. She graduated from Baruch College in 1973.
Friedrich engels
Friedrich Engels was a German philosopher, social scientist, journalist, and businessman. He founded Marxist theory together with Karl Marx. In 1845, he published The Condition of the Working Class in England, based on personal observations and research in Manchester.
