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common ownership and socialist thinkers - Coggle Diagram
common ownership and socialist thinkers
Revolutionary socialism
Marxist theory
Prevent exploitation of the masses
allows distribution of wealth
critique
classless society
leads to authoritarianism E.G. Stalin with 5 year plans
Soviet modernisation in the 1930s by the order of stalin
Definition + ideological significance of common ownership
Refers to key industries, recourses and means of production
aims to eliminate class division and private economic equality
prevent exploitation of the working class
the concept comes from Marx and Engels
Maybe the levellers from the British civil war
Evolutionary socialism + state managed common ownership
Fabian society
gradual transition
Use democracy to make changes
burecratic management of economy to create a greater sence of equality
Critique excessive state control can lead to inefficiency and stagnation
Lack of competition can lead to lack of innovation
NHS and nationalisation of industry
Revisionist socialism + c.o. in a mixed economy
Crosland
Does not need full common ownership
balance between state and private ownership
economic justice and social equality
critique
dilutes original socialism
Conservative light
Does not address economic inequality and exploitation
E.G. new labour of 1997 with tony blair
challenges and limitations of implementing C.O.
Future direction