economy

• The economy


  Generally agree that capitalism has flaws and if left unattended it would have a detrimental affect

  Generally support some form of economic collectivism and a degree of state intervention or planning to address flaws of capitalism
• The economy - Revolutionary

  Exploitation - workers forced to sell their labour power for less than it's value

  Private property is divisive, unjust and morally corrupting

  "from each according to his ability from each according to his need"
• The economy - Evolutionary 


  Collective ownership through nationalisation, co-operatives and unions

  Clause IV "...common ownership of the of the means of production..."

  Redistribute with the income taxes and heavy wealth and land taxes
• The economy - Social Democracy

  Capitalism provides the economic growth that ultimately raises living standards the most

  The C19th capitalism Marx critiqued no longer exists in Britain

  Nationalisation is only a single method equality is the core of socialism
• The economy - The Third Way


  Globalisation makes it difficult to rely upon old interventionist methods

  Knowledge economy - must invest in human resources and develop an entrepreneurial culture

  'New mixed economy' - utilise markets in the public interests
• The state 


  Generally see a greater role for the state, engineering a more equal society and managing the harmful effects of capitalism

  However, the different branches vary widely in what they want the state to do and how exactly it should go about it
• The state - Revolutionary 


  Revolution - the state must be overthrown because it exists to support the ruling class

  Dictatorship of the proletariat - workers seize state apparatus to pass socialist reforms

  state will "wither away" under communism
• The state - Evolutionary


  'inevitability of gradualism' - universal suffrage makes peaceful change possible

  The state in neutral - elected and appointed experts can run it in the interest of workers

  Nationalisation and municipalisation are the key