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Table of contents
A socialist state will primarily concern itself with the welfare of its citizens. Socialist doctrines essentially promote the collectivist idea that an economy's resources should be used in the interest all participants, and not simply for private gain. This notion historically alienated the market economy , and tended to favor central planning. Countries that favored excessive central controls experienced economic decline and collapse in the long run, as was the case with the Soviet Union.
All property and capital are collectively owned and managed in a communal, classless and egalitarian society.
Currency is no longer needed, and all economic activity, enterprise, labour, production and consumption is freely exchanged " from each according to his ability, to each according to his needs ". Communism is also a political system as much an economic one—with various models in how it is implemented—the well known being the Marxist Leninist model, which argues for the use of a vanguard party to bring about a workers state to be used as a transitional tool to bring about stateless communism, the economic arrangement described above.
Other models to bring about communism include anarcho-communism , which argues similarly to Marxist schools for a revolutionary transformation to the above economic arrangement, but does not use a transitional period or vanguard party. Anarcho-primitivism strives to return humans to a pre-industrialized and pre-civilization state. From an economic standpoint, advocates of this model argue the non-necessity of economic systems for human existence.
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Proponents of this ideology believe that the entire history of human civilization took a wrong turn from hunter-gatherer systems into an agricultural system and has led to human dependence on technology to support increasing populations, government control, and culture. Population growth and the institutions created to support and control it are exploitative of the not only humans but also the environment. They argue that the more people live in a society, the more resources they will need.
These resources must be taken from the Earth and therefore lead to environmental exploitation.
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However, they claim that materialist exploitation can be seen throughout almost every society in the world today. This materialism creates inequalities and exploitation such as class structure , the exploitation of humans in the name of labor and profit, and most importantly environmental destruction and deterioration.
This exploitation has led to the increase in human population growth, activity, and development which they argue is destroying the Earth's ecosystems. It is a form of social organization, a set of social relations.
It has its own laws. If we are to engage in its use, we must accept its authority. From Wikipedia, the free encyclopedia. Schools of economic thought. Common property Private Public Voluntary. Collective ownership Commons Private ownership Public ownership Social ownership. History of economics Schools of economics Mainstream economics Heterodox economics Economic methodology Economic theory Political economy Microeconomics Macroeconomics International economics Applied economics Mathematical economics Econometrics.
Economic systems Economic growth Market National accounting Experimental economics Computational economics Game theory Operations research. A Dictionary of Economics.
Kalt and Mark A. Retrieved 13 Nov Retrieved 14 Nov Retrieved 30 October The Contest of Economic Ideas 3rd ed. Myth or reality, or myth and reality? Journal of Economic Perspectives. Definition, Nature, Methods and Tenets". Retrieved 10 Oct Retrieved from " https: Economic ideologies Ideologies Cultural economics Economic systems.
Economic ideology - Wikipedia
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Sanfey , Bulgaria and Romania: Challenges and Prospects eds. Policies for Sustainable Growth eds. Sectors we work in View list of sectors and key topics. Education — Ph.