Criticism of capitalism in the context of "Socialist"

⭐ In the context of Socialism, a primary point of divergence from capitalist systems lies in the concept of ownership regarding the means of production. What does Socialism propose as an alternative to private ownership?

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⭐ Core Definition: Criticism of capitalism

Criticism of capitalism typically ranges from expressing disagreement with particular aspects or outcomes of capitalism to rejecting the principles of the capitalist system in its entirety. Criticism comes from various political and philosophical approaches, including anarchist, socialist, religious, and nationalist viewpoints. Some believe that capitalism can only be overcome through revolution while others believe that structural change can come slowly through political reforms. Some critics believe there are merits in capitalism and wish to balance it with some form of social control, typically through government regulation (e.g. the social market movement).

Prominent among critiques of capitalism are accusations that capitalism is inherently exploitative, alienating, unstable, unsustainable, and creates massive economic inequality, commodifies people, is anti-democratic, leads to an erosion of human rights and national sovereignty while it incentivises imperialist expansion and war, and that it benefits a small minority at the expense of the majority of the population. There are also criticisms from environmental scientists and activists, leftists, degrowthers and others, that it depletes resources, causes climate change, biodiversity loss, topsoil loss, eutrophication, and generates massive amounts of pollution and waste.

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Criticism of capitalism in the context of Socialism

Socialism is an economic and political philosophy encompassing diverse economic and social systems characterised by social ownership of the means of production, as opposed to private ownership. It describes the economic, political, and social theories and movements associated with the implementation of such systems. Social ownership can take various forms, including public, community, collective, cooperative, or employee. As one of the main ideologies on the political spectrum, socialism is the standard left-wing ideology in most countries. Types of socialism vary based on the role of markets and planning in resource allocation, and the structure of management in organizations.

Socialist systems are divided into non-market and market forms. A non-market socialist system seeks to eliminate the perceived inefficiencies, irrationalities, unpredictability, and crises that socialists traditionally associate with capital accumulation and the profit system. Market socialism retains the use of monetary prices, factor markets and sometimes the profit motive. As a political force, socialist parties and ideas exercise varying degrees of power and influence, heading national governments in several countries. Socialist politics have been internationalist and nationalist; organised through political parties and opposed to party politics; at times overlapping with trade unions and other times independent and critical of them, and present in industrialised and developing nations. Social democracy originated within the socialist movement, supporting economic and social interventions to promote social justice. While retaining socialism as a long-term goal, in the post-war period social democracy embraced a mixed economy based on Keynesianism within a predominantly developed capitalist market economy and liberal democratic polity that expands state intervention to include income redistribution, regulation, and a welfare state.

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Criticism of capitalism in the context of Anti-capitalist

Anti-capitalism is a political ideology and movement encompassing a variety of attitudes and ideas that oppose capitalism. Anti-capitalists seek to combat the worst effects of capitalism and to eventually replace capitalism with alternative economic systems such as socialism and communism.

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Criticism of capitalism in the context of Chomsky

Avram Noam Chomsky (born December 7, 1928) is an American professor and public intellectual known for his work in linguistics, political activism, and social criticism. Sometimes called "the father of modern linguistics", Chomsky is also a major figure in analytic philosophy and one of the founders of the field of cognitive science. He is a laureate professor of linguistics at the University of Arizona and an institute professor emeritus at the Massachusetts Institute of Technology (MIT). Among the most cited living authors, Chomsky has written more than 150 books on topics such as linguistics, war, and politics. In addition to his work in linguistics, since the 1960s Chomsky has been an influential voice on the American left as a consistent critic of U.S. foreign policy, contemporary capitalism, and corporate influence on political institutions and the media.

Born to Ashkenazi Jewish immigrants in Philadelphia, Chomsky developed an early interest in anarchism from alternative bookstores in New York City. He studied at the University of Pennsylvania. During his postgraduate work in the Harvard Society of Fellows, Chomsky developed the theory of transformational grammar for which he earned his doctorate in 1955. That year he began teaching at MIT, and in 1957 emerged as a significant figure in linguistics with his landmark work Syntactic Structures, which played a major role in remodeling the study of language. From 1958 to 1959 Chomsky was a National Science Foundation fellow at the Institute for Advanced Study. He created or co-created the universal grammar theory, the generative grammar theory, the Chomsky hierarchy, and the minimalist program. Chomsky also played a pivotal role in the decline of linguistic behaviorism, and was particularly critical of the work of B. F. Skinner.

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Criticism of capitalism in the context of Pyramid of Capitalist System

The Pyramid of Capitalist System is a common name of a 1911 American cartoon caricature critical of capitalism, copied from a Russian flyer of c. 1901. The graphic focus is on stratification by social class and economic inequality. The work has been described as "famous", "well-known and widely reproduced". A number of derivative works exist.

It was published in 1911 by the Industrial Worker (The International Publishing Co., Cleveland, Ohio), a newspaper of the Industrial Workers of the World, and attributed to "Nedeljkovich, Brashich, & Kuharich".

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Criticism of capitalism in the context of Left-wing populism

Left-wing populism, also called social populism, is a political ideology that combines left-wing politics with populist rhetoric and themes. Its rhetoric often includes elements of anti-elitism, opposition to the Establishment, and speaking for the common people. Recurring themes for left-wing populists include economic democracy, social justice, and skepticism of globalization. Socialist theory plays a lesser role than in traditional left-wing ideologies.

Criticism of capitalism and globalization is linked to unpopular United States military operations, especially those in the Middle East. It is considered that the populist left does not exclude others horizontally and relies on egalitarian ideals. Some scholars also speak of nationalist left-wing populist movements, a feature exhibited by the Sandinista Revolution in Nicaragua or the Bolivarian Revolution in Venezuela. Unlike right-wing populism, left-wing populist parties tend to be supportive of minority rights, as well as to an idea of nationality that is not delimited by cultural or ethnic particularisms. Bernie Sanders and Alexandria Ocasio-Cortez, self-described democratic socialists, are examples of modern left-wing populist politicians in the United States. With the rise of Syriza and Podemos during the European debt crisis, there has been increased debate on new left-wing populism in Europe.

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Criticism of capitalism in the context of American Left

The American Left refers to the groups or ideas on the left of the political spectrum in the United States. It is occasionally used as a shorthand for groups aligned with the Democratic Party. At other times, it refers to groups that have sought egalitarian changes in the economic, political, and cultural institutions of the United States. Various subgroups with a national scope are active. Liberals and progressives believe that equality can be accommodated into existing capitalist structures, but they differ in their criticism of capitalism and on the extent of reform and the welfare state. Anarchists, communists, and socialists with international imperatives are also present within this macro-movement. Many communes and egalitarian communities have existed in the United States as a sub-category of the broader intentional community movement, some of which were based on utopian socialist ideals. The left has been involved in both the Democratic and Republican parties at different times, having originated in the Democratic-Republican Party as opposed to the Federalist Party.

Although left-wing politics came to the United States in the 19th century, there are currently no major left-wing political parties in the country. Despite existing left-wing factions within the Democratic Party, as well as minor third parties such as the Green Party, Communist Party USA, Party for Socialism and Liberation, American Communist Party, Workers World Party, Socialist Party, and American Solidarity Party (a Christian democratic party leaning left on economics), there have been few representatives of left-leaning third parties in Congress. Academic scholars have long studied the reasons why no viable socialist parties have emerged in the United States. Some writers ascribe this to the failures of socialist organization and leadership, some to the incompatibility of socialism with American values, and others to the limitations imposed by the United States Constitution. Vladimir Lenin and Leon Trotsky were particularly concerned because it challenged orthodox Marxist beliefs that the most advanced industrial country would provide a model for the future of less developed nations. If socialism represented the future, then it should be strongest in the United States. While branches of the Working Men's Party were founded in the 1820s and 1830s in the United States, they advocated land reform, universal education and improved working conditions in the form of labor rights, not collective ownership, disappearing after their goals were taken up by Jacksonian democracy. Samuel Gompers, the leader of the American Federation of Labor, thought that workers must rely on themselves because any rights provided by government could be revoked.

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