Socialism, Communism and Capitalism Flashcards
Socialism
a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
Utopia
The term utopia was coined from Greek by Sir Thomas More for his 1516 book Utopia, describing a fictional island society in the Atlantic Ocean. The word comes from Greek: οὐ (“not”) and τόπος (“place”) and means “no-place”, and strictly describes any non-existent society ‘described in considerable detail’.
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.
Karl marx
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.
Proletariat
workers or working-class people, regarded collectively (often used with reference to Marxism).
Democratic
relating to or supporting democracy or its principles.
Socialism
a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
Communist Manifesto
The Communist Manifesto is an 1848 political pamphlet by German philosophers Karl Marx and Friedrich Engels.
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.
Thomas Malthus
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David Ricardo
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Dictatorship
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Laissez-faire
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Adam Smith
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