Alternatives to capitalism

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  • Created by: ewelyn
  • Created on: 03-06-19 09:30
What is state socialism?
A form of socialism in which the state controls and directs economic life
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What was 'economic Stalinism' based on?
State collectivisation, which brought all economic resources under the control of the party-state
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What did the USSR and eastern European countries achieve which some advanced capitalist countries have failed to do?
Eradicate homelessness, unemployment, and absolute poverty
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Despite its economic issues, what significant thing did Cuba manage to achieve?
A 98 percent literacy rate
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What is market socialism?
An economy in which self-managing enterprises operate, supposedly delivering efficiency without exploitation
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What is the attraction of market socialism?
It guarantees a consumer responsiveness and efficiency
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What is a weakness of market socialism?
Self-management conflicts with market disciplines as it makes enterprises respond to their workforces as opposed to a free-market
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What is industrialisation?
An economic theory or system based on large-scale factory production
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How does green economics view capitalism and socialism?
Different forms of industrialisation, both of which exploit nature
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Other cards in this set

Card 2

Front

What was 'economic Stalinism' based on?

Back

State collectivisation, which brought all economic resources under the control of the party-state

Card 3

Front

What did the USSR and eastern European countries achieve which some advanced capitalist countries have failed to do?

Back

Preview of the front of card 3

Card 4

Front

Despite its economic issues, what significant thing did Cuba manage to achieve?

Back

Preview of the front of card 4

Card 5

Front

What is market socialism?

Back

Preview of the front of card 5
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