Socialism - key concepts

key concepts of Socialism, with quotes from theorists

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Human Nature

  • optimistic - we naturally want to help each other
  • mouldable - we improve through cooperation but capitalism may have corrupted us
  • social - we are best understood in the context of society, and naturally cooperate
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Liberty

  • prioritise positive liberty, a method of enabling the proletariat to better themselves
  • liberty is unequally distributed - those with more resources have more liberty - justifies redistribution
  • Marx - freedom is an illusion, workers are not free to not sell their labour, subject to economic forces beyond their control, e.g unemployment, price of wages
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Equality

  • ensures justice - fair treatment by society
  • fundamental value, support equality in all forms
  • allows personal fulfilment - people's basic needs are satisfied. creating positive liberty
  • promotes cooperation and social bonds, inequality promotes competition and conflict
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Collectivism

  • Collective action is morally better and more practical than individualism because it follows from our human nature - social beings
  • fraternity and equality leads to collectivism, and visa versa
  • the state can facilitate collectivism through collectivisation, wealth redistribution, welfarism and economic management - Marxists disagree, state is a tool of capitalism, and thus must be overthrown
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Common Ownership

  • the process through which collectivism can be achieved
  • restricts the inequality private property leads to - moderate socialists reject common ownership as a principle, preferring a mixed economy
  • property and wealth is produced collectively, so should be owned as such
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Class Conflict

  • we share common interests and purpose with our class - class consciousness - these interests conflict with those of other classes - the conflict here is the exploitation for profit of the workers by the capitalists - Marx: two classes, those who own property and those who sell their labour to survive
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Social Justice

  • key aim of socialism - ensuring everyone is treated fairly by society and receives the resources necessary for life
  • all socialists believe the outcomes of a free market are not entirely fair - something must be done to ensure the rewards an economy generates are shared more equally
  • Marx: true social justice will come with Communism - redistribution is incompatible with capitalism
  • moderates: capitalism can be tamed and harnesses to achieve social justice, redistribution can spread the wealth capitalism creates, since inequality is a defining feature of capitalism, it must be decided how much is acceptable, a minimum living standard for all is sought, through, for example, minimum wage laws
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