socialism, communism, and captialism Flashcards
socialism
social and economic system characterized by social ownership of the means of production and co-operative management of the economy, as well as a political theory and movement that aims at the establishment of such a system.
utopia
an imagined place or state of things in which everything is perfect.
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, the son of Hirschel and Henrietta Marx, was born in Trier, Germany, in 1818. Hirschel Marx was a lawyer and to escape anti-Semitism decided to abandon his Jewish faith when Karl was a child. Although the majority of people living in Trier were Catholics, Marx decided to become a Protestant.
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
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
of, relating to, or supporting democracy or its principles:
socialism
social and economic system characterized by social ownership of the means of production and co-operative management of the economy, as well as a political theory and movement that aims at the establishment of such a system.
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”.
capatalism
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
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.
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.
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
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”.
adam smith
Adam Smith FRSA was a Scottish economist, philosopher, and author. He was a moral philosopher, a pioneer of political economy, and was a key figure during the Scottish Enlightenment era. He is best known for two classic works: The Theory of Moral Sentiments, and An Inquiry into the Nature and Causes of the Wealth of Nations.
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.
declaration of rights of women
The Declaration of the Rights of Woman and the Female Citizen was published in 1791 and is modelled on the Declaration of the Rights of Man and of the Citizen of 1789. Olympe de Gouges dedicated the text to Marie Antoinette, whom de Gouges described as “the most detested” of women.
suffrage
the right to vote in political elections.