e.g. China
The economy mixture of free-market enterprise and state control
Communist party is a one-party political state
e.g. China
The economy mixture of free-market enterprise and state control
Communist party is a one-party political state
Christian socialism aims to provide an ethical background to socialism. It gives a Christian motive to redistribution and offering public services such as health and education. It also retains political and economic liberty and avoids the excess of Communism
Christian socialism aims to provide an ethical background to socialism. It gives a Christian motive to redistribution and offering public services such as health and education. It also retains political and economic liberty and avoids the excess of Communism
Libertarian socialism rejects a powerful state involved in the management of the economy and labour market relations. Instead, it prefers local collectives voluntarily coming together to promote socialist values of co-operations.
Libertarian socialism rejects a powerful state involved in the management of the economy and labour market relations. Instead, it prefers local collectives voluntarily coming together to promote socialist values of co-operations.
Greater willingness to harness market-forces
No commitment to nationalisation of industries.
Use of minimum wages and universal income to raise low-income wages
Socialist aims achieved through progressive tax and provision of public services
Greater willingness to harness market-forces
No commitment to nationalisation of industries.
Use of minimum wages and universal income to raise low-income wages
Socialist aims achieved through progressive tax and provision of public services
Under social democratic socialism, there is a greater willingness to use market forces. For example, under social democracy, certain state-owned industries may be privatized because it is more efficient.
Under social democratic socialism, there is a greater willingness to use market forces. For example, under social democracy, certain state-owned industries may be privatized because it is more efficient.
Use of minimum wages and universal income to raise low-income wages
Progressive tax and provision of public services. For example, marginal income tax rates of 70%. Tax on wealth
Use of minimum wages and universal income to raise low-income wages
Progressive tax and provision of public services. For example, marginal income tax rates of 70%. Tax on wealth
Advocates nationalisation of key industries (often the natural monopolies, like electricity, water)
Prices set by the market mechanism, except public goods, such as health and education.
Provision of a welfare state to provide income redistribution
Advocates nationalisation of key industries (often the natural monopolies, like electricity, water)
Prices set by the market mechanism, except public goods, such as health and education.
Provision of a welfare state to provide income redistribution
Democratic socialism differs from state communism in that the state is not all-powerful, and the political system remains democratic. Democratic socialism is associated with the Socialist parties of western Europe.
Democratic socialism differs from state communism in that the state is not all-powerful, and the political system remains democratic. Democratic socialism is associated with the Socialist parties of western Europe.
Political control/censorship
State ownership of all major industries
Production decided by central committees
Prices set by government committees
Limited or no role for private enterprise and free-market forces
Political control/censorship
State ownership of all major industries
Production decided by central committees
Prices set by government committees
Limited or no role for private enterprise and free-market forces
Under state communism (e.g. Marxist-Leninist) , the Communist State gains control over the means of production and decides – what to produce? How to produce? and for whom? Examples include the Soviet Union and Eastern European states.
Under state communism (e.g. Marxist-Leninist) , the Communist State gains control over the means of production and decides – what to produce? How to produce? and for whom? Examples include the Soviet Union and Eastern European states.
No state ownership of means of production
Advocates co-operation between owners and workers – rather than adversarial workers vs capitalist /trade unions
Local decentralisation of decision-making process.
No state ownership of means of production
Advocates co-operation between owners and workers – rather than adversarial workers vs capitalist /trade unions
Local decentralisation of decision-making process.