answer based on the attached reading

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PS1.pptx

Socialism

Introduction

Big Questions

What is the role of the state / government?

What is the role of the individual?

What is the role of the group/ society?

What is the best way to insure the welfare of everyone?

Democratic Socialism and Democratic Capitalism

Socialism

Definition - "An ideology that a) rejects individualism, private ownership, and private profits b) in favor of a system based on c) economic collectivism (all share), d) governmental or societal ownership of the means of production and distribution of goods, and e) social responsibility."

Principles

Community / Societal Focus

Cooperation

Equality

Class Politics

Common Ownership: Public Property

Government Regulation of Economy

Publicly Financed Assistance

Efficiency and General Welfare

Democratic Socialism

Democratic Capitalism

Which is “better”? Why? Are public perceptions correct?

Marxism (Communism)

Introduction

Utopia

Karl Marx’s Classless Society: Economics is the Answer

Principles

Economic Focus

Economic Classes

Proletariat and Bourgeoisie

Modes of Production

Alienation

Labor Theory of Value

Surplus Value

Superstructure

Introduction (continued)

Historical Materialism - Destruction of capitalism

Thesis, Antithesis, Synthesis

Feudalism

Capitalism

Contradictions in Capitalism

Revolution

Dictatorship of the Proletariat

Pure Communism

"people would live in a perfect classless, stateless society of spontaneous cooperation in which each individual would contribute according to his or her ability and receive according to his or her needs.”

“Communist Manifesto”

“The Communists disdain to conceal their views and aims. They openly declare that their ends can be attained only by the forcible overthrow of all existing social conditions. Let the ruling classes tremble at a Communistic revolution. The proletarians have nothing to lose but their chains. They have a world to win. Working Men of All Countries, Unite!”

Introduction (continued)

Leninism

Vanguard

Peasants

Capitalist Imperialism

Physical Manifestations

Physical Forms

USSR, North Korea, Vietnam, Laos, Cambodia, Nepal

PR China

Maoism and now: Authoritarian Capitalism?