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Vocab Group 3 - Terms associated with Communism/Socialism

Terms

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bourgeoisie
the middle class, dominated by commercial and industrial interests
Perestroika
economic policies of Mikhail Gorbachev allowing private ownership of industry
Stalinism
the theory of communism marked by rigid authoritarianism, use of terror, and emphasis on nationalism
economic interventionism
an ideology in which the government attempts to mitigate economic conditions beyond the basic regulation of fraud and enforcement of contracts
nationalize
to invest control or ownership in the national governement
laissez-faire
doctrine opposing governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights
collectivism
a political theory advocating collective control over production and distribution
atheism
a disbelief in the existence of deity
market socialism
a "planned economy" with government control of infrastructure and market control of other industries
authoritarianism
concentration of power in a leader or an elite not constitutionally responsible to the people
proletariat
the lowest class of workers who sell their labor to live
imperialism
the policy of extending the dominion of a nation territorial acquisitions or by gaining control over the political or economic life of other areas
Trotskyism
the theory of communism focusing on worldwide revolution as opposed to socialism in one country
egalitarianism
a social philosophy advocating the removal of inequalities among people
social interventionism
an ideology in which the government organizes social affairs
communist state
form of government in which the state operates under the control of a Communist Party
industrialism
an economic organization of society built largely on mechanized industry rather than agriculture, craftsmanship, or commerce
utopia
a place of ideal perfection in laws, government, and social conditions

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