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In sociology, academic capital is the potential of an individual's education and other academic experience to be used to gain a place in society. Much like other forms of capital (social, economic, cultural), academic capital doesn't depend on one sole factor—the measured duration of schooling—but instead is made up of many different factors, including the individual's academic ...
Anarcho-communism is a libertarian theory of anarchism and communism which advocates the abolition of the state, private property, and capitalism in favor of common ownership of the means of production; [282] [283] direct democracy; and a horizontal network of voluntary associations and workers' councils with production and consumption based on ...
By 1888, Marxists employed socialism in place of communism as the latter had come to be considered an old-fashioned synonym for socialism. It was not until after the Bolshevik Revolution that socialism was appropriated by Vladimir Lenin to mean a stage between capitalism and communism.
Finance capitalism is the subordination of processes of production to the accumulation of money profits in a financial system. In their critique of capitalism, Marxism and Leninism both emphasise the role of finance capital as the determining and ruling-class interest in capitalist society, particularly in the latter stages. [149] [150]
This is an accepted version of this page This is the latest accepted revision, reviewed on 23 February 2025. Economic and sociopolitical worldview For the political ideology commonly associated with states governed by communist parties, see Marxism–Leninism. Karl Marx, after whom Marxism is named. Friedrich Engels, who co-developed Marxism. Marxism is a political philosophy and method of ...
Marxism is a method of socioeconomic analysis that originates in the works of 19th century German philosophers Karl Marx and Friedrich Engels.Marxism analyzes and critiques the development of class society and especially of capitalism as well as the role of class struggles in systemic, economic, social and political change.
Communism has usually been distinguished from socialism since the 1840s. The modern definition and usage of socialism settled by the 1860s, becoming the predominant term among the group of words associationist, co-operative and mutualist which had previously been used as synonyms. Instead, communism fell out of use during this period. [54]
This is an accepted version of this page This is the latest accepted revision, reviewed on 8 December 2024. Type of society and economic system This article is about the hypothetical stage of socioeconomic development. For the economic systems of the former Soviet and Eastern Bloc Communist states, see Soviet-type economic planning. For communistic society, see Intentional community. Part of a ...