Socialism - summary of differences 3.2

Question 1

what do the three strands of socialism believe in HUMAN NATURE

Answer 1

SOCIALISM
- co-operative
- sociable
- rational
MARXISM
- believe that this is exploited by capitalism

Question 2

what do the three strands of socialism believe in THE STATE

Answer 2

MARXISM
- Instrument of class rule by bourgeoisie
- state will wither away with communism
-will have a centralised estate to produce and distribute units
SOCIAL DEMOCRATS
- limited state intervention remedies the shortcomings of capitalism
THIRD WAY
- state intervention is ineffective and inefficient
-focus more on welfare

Question 3

what do the three strands of socialism believe in SOCIETY

Answer 3

MARXISM
- only Marxism can lead to absolute equality and classlessness
- capitalist society is dominated by inequality
SOCIAL DEMOCRATS
- acknowledge inequality but fix it due to welfare estate
THIRD WAY
- believe everyone is happy the way they are

Question 4

what do the three strands of socialism believe in THE ECONOMY

Answer 4

MARXISM
- common ownership
-basely on human need
SOCIAL DEMOCRATS
- favour mixed economy
- Keynesian economy - regulate employment
THIRD WAY
- primacy of free market
- responsibility
- no state intervention