Economy

• Marx:

  • Abolishment of capitalism through direct force
  • Core and central structure of society as it creates class
  • Capitalism will reach a point with all of its crises and recessions that it only benefits a tiny minority of the ruling class- vast majority will form the proletariat, who will wake up to their exploitation
  • State with complete control of all resources: production and distribution
• Luxemburg:

  • Abolishment of capitalism through direct force
  • Core and central structure of society as it creates class
  • Rejected Marx’s idea that Capitalism would reach a final stage before it could be abolished- argued that communist revolutions could occur in less economically developed societies with education to the working class
  • State with complete control of all resources: production and distribution
• Webb:

  • Gradual removal of Capitalism with the evolutionary progression of society and democratic vote
  • Core and central structure of society as it creates class
  • State with complete control of all resources: production and distribution
• Crosland:

  • Keynesian economic policy: State provision of certain necessities like transport, education, welfare, etc- essential to ensure equal social environment and ultimately social justice
  • Ability to have private ownership
  • ‘Social democracy’
• Giddens:

  • Ability to have private ownership
  • Regulation of economy rather than partial control
  • Acceptance that state management is inefficient, introduced by the privatisation policy of Thatcher
  • Globalisation changed economic agenda- free market capitalism the most effective way to ensure a stable and flourishing economy
• Giddens:

  • Motivation and ambition of the individual drives them to be successful economically: state provides equality of opportunity and then it is up to their ambition and the community’s responsibility for their social environment
  • ‘Third way’
  • Free market wealth to fund infrastructure and public services