Socialism Keywords

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Capitalism
An economic system in which wealth is owned by private individuals or businesses and goods are produced for exchange
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Utopianism
A belief in the unlimited possibilities of human development, typically embodied in the vision of a perfect or ideal society
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Communism
The principle of the common ownership of wealth, or a system of comprehensive collectivisation - "Marxism in practice"
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Social democracy
A moderate or reformist brand of socialism that favours a balance between the market and the state, rather than the abolition of capitalism
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Labourism
A tendency exhibited by socialist parties to serve the interests of the organised labour movement rather than pursue broader ideological goals
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Fraternity
Brotherhood; bonds of sympathy and comradeship between and amongst human beings
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Cooperation
Working together, collective effort intended to achieve mutual benefit
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Egalitarianism
A theory or practice based on the desire to promote equality
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Collectivisation
The abolition of private property and the establishment of a comprehensive system of common or public ownership.
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Social class
A social division based on economic or social factors
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Bourgeoisie and Proletariat
Marxist language used to describe the Ruling and Working classes
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Nationalisation
The extension of state or public ownership over private assets or industries
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State socialism
A form of socialism in which the state controls and directs economic life, acting in the interests of the people
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Fundamentalist socialism
A form of socialism that seeks to abolish capitalism and replace it with a qualitatively different kind of society
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Revisionist socialism
A form of socialism that has revised its critique of capitalism and seeks to reconcile greater social justice with surviving capitalist forms
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Revolution
A fundamental and irreversible change, often a brief but dramatic period of upheaval; systemic change
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Gradualism
Progress brought about by gradual, piecemeal improvements, rather than dramatic upheaval; change through legal and peaceful reform
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Eurocommunism
A form of deradicalized communism, most influential in the 1970s, which attempted to bled marxism and liberal democratic principles
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Bourgeois ideology
A marxist term denoting ideas and theories that serve the interests of the bourgeoisie by disguising the contradictions of capitalist society
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Class consciousness
A marxist term denoting an accurate awareness of class interests and a willingness to pursue them
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Dialectical materialism
The crude and deterministic form of Marxism that dominated intellectual life in orthodox communist states
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Historical materialism
A Marxist theory that holds that material or economic conditions ultimately structure law, politics, culture and other aspects of social existence
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Dialectic
A process of development in which interaction between two opposing forces leads to a further or higher stage
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Alienation
To be separated from one's genuine or essential nature; used by Marxists to describe the process under capitalism where labour is reduced to being a mere commodity
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Surplus value
A Marxist term denoting the value that is extracted from the labour of the proletariat by the mechanism of capitalist exploitation
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Social revolution
A qualitative change in the structure of society
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Democratic socialism
The Leninist priciple of party organisation, based on a supposed balance between freedom of discussion and strict unity of action
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Neo-marxism
An updated and revised form of Marxism that rejects determinism, the primacy of economics and the privileged status of the proletariat
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Humanism
A philosophy that gives moral priority to the satisfaction of human needs and aspirations
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Social justice
A morally justifiable distribution of wealth, usually implying a commitment to greater equality
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Revisionism
The revision or reworking of a political theory that departs from earlier interpretations in an attempt to present a 'corrected' view
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Third way
The notion of an alternative form of economics to both state socialism and free-market capitalism, mainly associated with Tony Blair and Anthony Giddens
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Determinism
A belief that human actions and choices are entirely conditioned by external factors
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Card 2

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A belief in the unlimited possibilities of human development, typically embodied in the vision of a perfect or ideal society

Back

Utopianism

Card 3

Front

The principle of the common ownership of wealth, or a system of comprehensive collectivisation - "Marxism in practice"

Back

Preview of the back of card 3

Card 4

Front

A moderate or reformist brand of socialism that favours a balance between the market and the state, rather than the abolition of capitalism

Back

Preview of the back of card 4

Card 5

Front

A tendency exhibited by socialist parties to serve the interests of the organised labour movement rather than pursue broader ideological goals

Back

Preview of the back of card 5
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