Socialism, Communism and capitalism Flashcards
Socialism
a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
Utopia
an imaginary island described in Sir Thomas More’s Utopia (1516) as enjoying perfection in law, politics, etc.
Robert Owen
Robert Owen was a Welsh social reformer and one of the founders of utopian socialism and the cooperative movement. He worked in the cotton industry in Manchester before setting up a large mill at New Lanark in Scotland. In 1824, Owen travelled to America to invest the bulk of his fortune in an experimental 1,000-member colony on the banks of Indiana’s Wabash River, called New Harmony. New Harmony was intended to be a Utopian society.
Karl Marx
Karl Marx 5 May 1818 – 14 March 1883) 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 theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state.
Proletariat
The proletariat is a term for the class of wage-earners, in a capitalist society, whose only possession of significant material value is their labor-power (their ability to work);[1] a member of such a class is a proletarian.
Democratic
government by the people; a form of government in which the supreme power is vested in the people and exercised directly by them or by their elected agents under a free electoral system.
Socialism
a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
Communist Manifesto
The Communist Manifesto (originally Manifesto of the Communist Party) is an 1848 political pamphlet by German philosophers Karl Marx and Friedrich Engels. Commissioned by the Communist League and originally published in London (in German as Manifest der Kommunistischen Partei) just as the revolutions of 1848 began to erupt, the Manifesto was later recognised as one of the world’s most influential political manuscripts.
Capitalism
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth.
thomas Malthus
The Reverend Thomas Robert Malthus FRS (13 February 1766 – 29 December 1834)[1] was an English cleric and scholar, influential in the fields of political economy and demography.[2] Malthus himself used only his middle name, Robert.[3]
Dictatorism
Dictatorship is a form of government where a country or a group of countries is ruled by one person or political entity, and exercised through various mechanisms to ensure that the entity’s power remains strong.[1][2]
A dictatorship is a type of authoritarianism, in which politicians regulate nearly every aspect of the public and private behavior of citizens. Dictatorship and totalitarianism societies generally employ political propaganda to decrease the influence of proponents of alternative governing systems.
laissez -Faire
of, relating to, or conforming to the principles or practices of laissez faire
Adam Smith
of, relating to, or conforming to the principles or practices of laissez faire
Friedrich engels
Friedrich Engels 28 November 1820 – 5 August 1895) was a German philosopher, social scientist, journalist, and businessman.[4] 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.