Search results
Results from the WOW.Com Content Network
State capitalism is an economic system in which the state undertakes business and commercial (i.e., for-profit) economic activity and where the means of production are nationalized as state-owned enterprises (including the processes of capital accumulation, centralized management and wage labor).
He believed that the "Spirit of 1914" manifested itself in the concept of the "People's League of National Socialism". [133] This National Socialism was a form of state socialism that rejected the "idea of boundless freedom" and promoted an economy that would serve the whole of Germany under the leadership of the state. [133]
Bakunin predicted that Marx's theory of the transition from capitalism to socialism involving the working class seizing state power in a dictatorship of the proletariat would eventually lead to a usurpation of power by the state apparatus acting in its self-interest, ushering in a new form of capitalism rather than establishing socialism. [25]
Comparative Economic Systems is the sub-classification of economics dealing with the comparative study of different systems of economic organization, such as capitalism, socialism, feudalism and the mixed economy. It is widely held to have been founded by the economist Calvin Bryce Hoover. [1]
Democratic socialism is a broad political movement that seeks to propagate the ideals of socialism within the context of a democratic system, as was done by Western social democrats, who popularized democratic socialism as a label to criticize the perceived authoritarian or non-democratic socialist development in the East, during the 19th and ...
Capitalism vs. Socialism: Free Market vs. Government Distribution. The primary difference between socialism and capitalism is the role of government. In socialist economies, a central body — the ...
In conjunction with his criticism of capitalism was Marx's belief that exploited labor would be the driving force behind a social revolution to a socialist-style economy. [1] For Marx, this cycle of the extraction of the surplus value by the owners of capital or the bourgeoisie becomes the basis of class struggle .
Those anarchists argue that a true free-market or laissez-faire system would be better served under socialism rather than capitalism. [218] [219] Anarcho-socialism or socialist anarchism are rejected by anarchists since they consider themselves socialists of the libertarian tradition and are used by anarcho-capitalist theorists and scholars who ...