Political Traditions 0.0 / 5 ? Government & PoliticsSocialismA2/A-levelEdexcel Created by: StewartCreated on: 10-04-15 15:04 Collectivism A belief that humans work best, that is, most ethically and efficiently - in cooperative social groups rather than as self-striving individuals 1 of 7 Social Justice A fair distribution of wealth, income and social status, which for socialists means greater equality, pursued collectively 2 of 7 Communism An economic system based on common ownership of wealth and social equality 3 of 7 Social Democracy A revisionist form of parliamentary socialism which has accommodated to capitalism and favours a Keynesian mixed economy 4 of 7 Third Way A neb-revisionist blend of free market capitalism and state socialism 5 of 7 Fraternity Literally brotherhood: bonds of sympathy and comradeship between and amongst human beings 6 of 7 cooperation working together; collective effort intended to achieve mutual benefit 7 of 7
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