Alternatives to Capitalism

Flashcards covering alternatives to capitalism

According to Marxist theory, which social class was seen as being exploited during the Industrial Revolution?

The lower classes/peasants

What is the political ideology of Anarchists?

They are against governments and wish to abolish them, favoring a communal system.

Who was Mikhail Bakunin?

A Russian intellectual who opposed mistreatment by Russian Imperial forces.

What is a key idea related to Interactions with the Environment in the context of alternatives to capitalism?

The concept of communes and the prioritization of sharing resources over monetary gain.

Who wrote the Communist Manifesto?

Karl Marx and Friedrich Engels

According to the Communist Manifesto, what is the root cause of societal problems?

Private property and the unequal distribution of resources.

What is the proposed solution to class exploitation, according to Marxist theory?

To abolish private property and have communal ownership.

What should determine a person's contribution to the community, according to Marxist theory?

Their abilities and skills, rather than monetary gain.

What is the first phase of Marxist revolution?

Workers rising up against injustice and seizing resources (revolution).

What characterizes the socialist phase in Marxist theory?

Temporary government ownership and equal distribution of resources.

What is the final phase of Marxist theory, after socialism?

Communism, which eliminates national borders and private property for communal sharing.

What often prevents countries from reaching the communist phase?

Leaders refusing to relinquish power, implementing poor policies leading to famine or classicide.

What is an example of anarchist political violence mentioned?

The assassination of US President McKinley in 1901.

Which group was responsible for assassinating Archduke Franz Ferdinand?

The Black Hand

What economic concept originated from concerns about excessive working hours?

Overtime pay for working more than 10 hours a day.

Who influenced the rise of new Marxist ideas?

Karl Marx and Friedrich Engels

What protections did the Mines Act of 1842 provide?

Protection for young workers in mines.

What did the Factory Act achieve?

Limited the number of hours someone could work.

What benefits were provided to workers injured on the job?

Paid time off to recover and safe pension/retirement plans