0
What would be considered a compromise between capitalism and socialism?
Wiki User
∙ 13y ago
There can be no such compromise, as Socialism and capitalism are completely distinct systems. Socialism means a classless stateless society based on production for use, while capitalism has a class division and production for profit.
paulbenn
Wiki User
∙ 13y agoMarket liberalism, democratic socialism
Add your answer:
Earn +20 pts
How does socialism provide a compromise between capitalism and communism?
Socialism is not a compromise between capitalism and communism, it is a distinct economic system and mode of production. A "mixed economy" is often cited as being a compromise between socialism and capitalism, but in practice most mixed economies are interventionist capitalist economies.
What conflicts might arise between sorters of capitalism and socialism?
what do you mean by sorters
What are the similarities between socialism and capitalism?
Socialism and communism are similar in the way they are supposed to work - all power being shared equally - and capitalism is similar to socialism in that everybody should ideally get out what they put in proportionally, but communism and capitalism are the exact opposites.
Are capitalism and socialism opposites?
Typically they are considered to be opposites, even though there are many similarities. These are some common distinctions between the two: 1) Socialism is based on Social ownership of the means of production; Capitalism is based on Private ownership of the means of production. 2) Management in socialism is based on collective-decision making and self-management; Management in capitalist firms is based on hierarchical decision-making. 3) Socialism is based on "Production for use"; capitalism is based on "Production for profit". This means that the surplus product generated is used to benefit everyone in socialism, whereas in capitalism it becomes the profit for a few private owners. 4) Socialism is generally based on economic planning; while capitalism is based on a market economy. This is not always true; there are many forms of market socialism, and most of the existing capitalist economies are actually "mixed economies".
What mostly privately-owned economy falls between laissez-faire capitalism and a mixed system?
i think its socialism> XO<---------WRONG!!!!! Monopoly Capitalism <------- Correct :)
What is the difference between welfarism and socialism?
Socialism is a classless stateless society based on production for use, with no money or rulers. Welfarism means capitalism with a welfare state, intended to remove some of the worst features of a society based on inequality and exploitation.
What philosopher described socialism as a transitional stage between capitalism and communism?
Marx did not see Socialism as a transitional stage to Communism. In one text he distinguished two stages of Communism, but he did not label the first stage as Socialism.
Why did Lenin compromise between the ideas of capitalism and communism in creating the NEP?
Officially unknown but many predict it was to smoothen the ideological transition
What was Marx transistion from capitalism to communism?
Marx talked about the dictatorship of the proletariat as the transition between capitalism and Communism. This just meant the working class taking temporary control of the state and using it as part of the changeover to a classless society.
How can Senator Bernie Sanders be labeled as a democratic socialist when he has not advocated any industries in the US to be nationalized?
That's the difference between socialism and democratic socialism. Ever since Obama's election, the term "socialism" has been thrown around and used much too loosely, resulting in any kind of socialist policy to be labeled as socialism. Democratic socialism (even though Bernie is more of a social democrat) is a centrist idea with a small allowance of leftist policy, such as socialized health care and education. In short, democratic socialism is primarily capitalist with little snippets of socialist policy, and is entirely different from socialism.
List two differences between the capitalist and socialist ideas of private property?
Capitalism and socialism both respect private property. Communism is a form of socialism where all 'means of production' are publicly owned--that is factories, farms, mines, etc. But socialism itself respects property rights. Capitalism, when it runs amuck as it has in the US, tends to see property rights as being above human rights or civil rights. Because the rues are dictated by the property-rich. But putting property above people is not inherent in capitalism, usually.
What term did Vladimir Lenin Leon Trotsky and other followers of Karl Marx use to describe the intermediate step between capitalism and an idealistic communistic state?
socialism
