socialism an utopian concept
TRANSCRIPT
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WHAT IS UTOPIANISM?
Where didit come
from?
What does it mean?
CaN iT aCTuaLLYeXiST?
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Utopia:
An ideally perfect place,especially in its social, political,and moral aspects.
Utopia can be defined as paradiseon Earth, Nirvana or Heaven onEarth.
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Background information:
Thomas More 1506 Utopia
Garden of Eden
The word utopia is derived from two Greekwords. The first is eutopia, which means good
place. The second is outopia, which meansno place.
A utopia refers to a perfect society that does
not exist or can never exist.
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A beautiful society with a general pacifisticattitude
Poverty and misery are removed
Very few laws are necessary
Money is not necessary
People do only work that they enjoy and
which benefits the common good Everyone enjoy FREEDOM
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PROS &CONS:
PROS:Living in harmony with others
No conflictsNo motivation for war oroppression
CONS:Ethical concerns
Differences with eachindividuals ideals
Boring!
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Ability to make choices
Religious, Social, Economic, Thought
Individual Freedom V/S The greater good
The Pursuit of happiness
Do people know what they want?
Needs v/s Wants
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IS SOCIALISM AN UTOPIAN
CONCEPT ???
ANSWER IS NO
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A theory or system of social organization that
advocates the vesting of the ownership andcontrol of the means of production anddistribution, of capital, land, etc., in the
community as a whole.
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Means of production are publicly owned
Social welfare is the dominant motive force
Based on Co-op Social Relations and self-management
Money V/S People
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Balanced social development
Equal distribution of income
Prices are fixed by state
No employer employee struggle
Provides social security
No class struggle
Better allocation of resources
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Corruption
State monopoly
Evils of bureaucracy
Lack of incentive
Loss of consumer sovereignty
No freedom of occupation
Loss of freedom of speech
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100 years of successful socialism
Hidden truth
1970s Highest GDP
Growth fell off, unemployment rose, quality ofwelfare decline
Two oil crises, financial crises, macroeconomicshocks
Budget deficit and high inflation
Irresponsible political actions
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Rise in taxes
Distorted education system
Questioning on free enterprises
Rise in unemployment
What took a hundred years to build was
nearly dismantled in twenty five years
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Communist country
Follow socialism
Disaster of one child policy
Student suicide, breakdown and family murder
Female infanticides
Corruption and terrorism
Only say follow SOCIALISM, do not act accordingly
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In Russia only goods and services were providedaccording to the needs of the people.
Lack of liberty among the people in RussianDemocratic Centralism
The leaders were not accountable to the people
The industries were managed by bureaucratswhich resulted in loss of viability of industries
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Restriction for the people of one state topurchase the products of other states
Government shareholding in industry is also less
Improper allocation of shareholdings
There was no Intellectual Property Right in theSoviet Union
The State became more and more powerfulbecause of Democratic Centralism orTotalitarianism.
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CPVs attempt to extend socialist economy offormer North Vietnam to the south
1986- Doi Moi (Renewal)
Extension of period of mixed economy
State managed Market Mechanism
Success Story- not the whole truth
Many challenges- showing Socialism not Utopia Company Tax 28%, Personal Tax 50%
Despite success country remains POOR.
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19% population undernourished
20% population does not get proper water
Inequalities of market economy
Increase in street children, prostitution, drugabuse, crime.
Rising domestic violence
Problems of Ethnic minorities
9% of the population with physical disabilities
Pressure of Doi Moi on CPV
Rise in Corruption
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Argument- Denmark has a lot of socialism and is asuccessful country, therefore socialism is goodLot of social programs
homogeneous societyUniform mindset , strong collectivist tendencies
The main problem: Is it really successful socialistcountry?
Answer isNO
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Comparison with US
Far from being winner in standard of living andeconomies
Average wage rate is low
Pay more taxes
Material things are way more expensive
Highest Income tax
Highest VATYoung educate leaving country to earn good
salary.
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After Independence to the end f 1970s
Increased population under poverty line
GDP 3.5%p.a.
Government dominated economy withmonopoly enterprises- inefficient
Private sector regulated through control and
licensingProduction process- highly capital incentive
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Government control added to production costin private sector
High oil prices
Growth performance plummeted to the bottom
Depressing circumstances-introduction ofeconomic reform.
Removal of certain controls
Market friendly approach by government
Rising fiscal deficit
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Economic development hampered by- poor
economic policies
Socialist economic model failed
India slipped back into a Bharatiya Growth
pattern
Affected manufacturing policy due to poor
reforms
High rate of unemployment
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Socialism is not perfect
Socialism bring success and also social evils
Utopia an imaginary concept
In reality Socialism can never be an utopian
concept