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Social Reform Or Revolution
''Social Reform or Revolution?'' () is an 1899 pamphlet by Polish-German Marxist theorist Rosa Luxemburg. Luxemburg argues that trade unions, reformist political parties and the expansion of social democracy—while important to the proletariat's development of class consciousness—cannot create a socialist society as Eduard Bernstein, among others, argued. Instead, she argues from a historical materialist perspective that capitalism is economically unsustainable and will eventually collapse and that a revolution is necessary to transform capitalism into socialism. The pamphlet was heavily influential in revolutionary socialist circles and along with Luxemburg's other work an important precursor to left communist theory. Background In 1878, Germany's chancellor Otto von Bismarck imposed anti-socialist laws. As a result, thousands were arrested and hundreds exiled, political newspapers were closed and all political activity except elections was made illegal. During this period, ...
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Rosa Luxemburg
Rosa Luxemburg ( ; ; ; born Rozalia Luksenburg; 5 March 1871 – 15 January 1919) was a Polish and naturalised-German revolutionary and Marxist theorist. She was a key figure of the socialist movements in Poland and Germany in the early 20th century. Born to a Jewish family in Congress Poland, then part of the Russian Empire, Luxemburg became involved in radical politics at an early age via the Proletariat (party), Proletariat party, and fled to Switzerland in 1889. She helped found the Social Democracy of the Kingdom of Poland and Lithuania (SDKPiL) party in 1893, and in 1897 was awarded a Doctor of Law in political economy from the University of Zurich, becoming one of the first women in Europe to do so. In 1898, Luxemburg moved to Germany, and soon became a leading figure in the Social Democratic Party of Germany (SPD). Her political activities included teaching Marxist economics at the party's training school. Luxemburg was imprisoned several times, including in Germany ...
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Left Communism
Left communism, or the communist left, is a position held by the left wing of communism, which criticises the political ideas and practices held by Marxism–Leninism, Marxist–Leninists and social democrats. Left communists assert positions which they regard as more authentically Marxism, Marxist than the views of Marxism–Leninism espoused by the Communist International after its Bolshevization by Joseph Stalin and during its 2nd World Congress of the Comintern, second congress. There have been two primary currents of left communism since World War I, namely the Italian left and the Dutch–German left. The Italian left tends to follow Bordigism and considers itself to be Leninism, Leninist, but denounces Marxism–Leninism as a form of bourgeois opportunism materialized in the History of the Soviet Union (1927–1953), Soviet Union under Stalin. The Dutch–German left split from Vladimir Lenin prior to Stalin's rule and supports a firmly council communist and libertarian ...
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Utopian
A utopia ( ) typically describes an imagined community or society that possesses highly desirable or near-perfect qualities for its members. It was coined by Sir Thomas More for his 1516 book ''Utopia'', which describes a fictional island society in the New World. Hypothetical utopias focus on, among other things, equality in categories such as economics, government and justice, with the method and structure of proposed implementation varying according to ideology. Lyman Tower Sargent argues that the nature of a utopia is inherently contradictory because societies are not homogeneous and have desires which conflict and therefore cannot simultaneously be satisfied. To quote: The opposite of a utopia is a dystopia. Utopian and dystopian fiction has become a popular literary category. Despite being common parlance for something imaginary, utopianism inspired and was inspired by some reality-based fields and concepts such as architecture, file sharing, social networks, universal ...
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Stock Market
A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include ''securities'' listed on a public stock exchange as well as stock that is only traded privately, such as shares of private companies that are sold to investors through equity crowdfunding platforms. Investments are usually made with an investment strategy in mind. Size of the market The total market capitalization of all publicly traded stocks worldwide rose from US$2.5 trillion in 1980 to US$111 trillion by the end of 2023. , there are 60 stock exchanges in the world. Of these, there are 16 exchanges with a market capitalization of $1 trillion or more, and they account for 87% of global market capitalization. Apart from the Australian Securities Exchange, these 16 exchanges are all in North America, Europe, or Asia. By country, the largest stock markets as of January 2022 are in t ...
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Credit (finance)
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. The resources provided by the first party can be either property, fulfillment of promises, or performances. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French cré ...
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Marginalism
Marginalism is a theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary, or marginal, utility. It states that the reason why the price of diamonds is higher than that of water, for example, owes to the greater additional satisfaction of the diamonds over the water. Thus, while the water has greater total utility, the diamond has greater marginal utility. Although the central concept of marginalism is that of marginal utility, marginalists, following the lead of Alfred Marshall, drew upon the idea of Marginal product, marginal physical productivity in explanation of cost. The Neoclassical economics, neoclassical tradition that emerged from United Kingdom of Great Britain and Ireland, British marginalism abandoned the concept of utility and gave Marginal rate of substitution, marginal rates of substitution a more fundamental role in analysis. Marginalism is an integral part of mainstream economics, mainstream ...
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Alexander Parvus
Alexander Lvovich Parvus, born Israel Lazarevich Gelfand (8 September 1867 – 12 December 1924) and sometimes called Helphand in the literature on the Russian Revolution, was a Marxist theoretician, publicist, and controversial activist in the Social Democratic Party of Germany. Biography Early life Israel Lazarevich Gelfand was born to a Lithuanian Jewish family on 8 September 1867 in the shtetl of Berazino in the Russian Empire, (in present-day Belarus). Although little is known of Israel's early childhood, the Gelfand family belonged to the lower-middle class, with his father working as an artisan of some sort — perhaps as a locksmith or as a blacksmith. When Israel was a small boy, a fire damaged the family's home in Berazino, prompting a move to the city of Odessa, Russian Empire, (present-day Ukraine), the hometown of Israel's paternal grandfather. Gelfand attended gymnasium in Odessa and received private tutoring in the humanities. He also read widely on his o ...
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Revolution
In political science, a revolution (, 'a turn around') is a rapid, fundamental transformation of a society's class, state, ethnic or religious structures. According to sociologist Jack Goldstone, all revolutions contain "a common set of elements at their core: (a) efforts to change the political regime that draw on a competing vision (or visions) of a just order, (b) a notable degree of informal or formal mass mobilization, and (c) efforts to force change through noninstitutionalized actions such as Political demonstration, mass demonstrations, Protest, protests, strikes, or violence." Revolutions have occurred throughout human history and varied in their methods, durations and outcomes. Some revolutions started with List_of_peasant_revolts, peasant uprisings or guerrilla warfare on the periphery of a country; others started with urban insurrection aimed at seizing the country's capital city. Revolutions can be inspired by the rising popularity of certain political Ideology, ideo ...
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Revolutionary Socialism
Revolutionary socialism is a political philosophy, doctrine, and tradition within socialism that stresses the idea that a social revolution is necessary to bring about structural changes in society. More specifically, it is the view that revolution is a necessary precondition for transitioning from a capitalist to a socialist mode of production. Revolution is not necessarily defined as a violent insurrection; it is defined as a seizure of political power by mass movements of the working class so that the state is directly controlled or abolished by the working class as opposed to the capitalist class and its interests. Revolutionary socialists believe such a state of affairs is a precondition for establishing socialism and orthodox Marxists believe it is inevitable but not predetermined. Revolutionary socialism encompasses multiple political and social movements that may define "revolution" differently from one another. These include movements based on orthodox Marxist t ...
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Erfurt Programme
The Erfurt Program was adopted by the Social Democratic Party of Germany during the SPD Congress at Erfurt in 1891. Drafted by theorists Karl Kautsky and Eduard Bernstein, the program set out a Marxist view and superseded the party's Gotha Program of 1875. The Erfurt Program identified private ownership of the means of production as the source of social ailments, and advocated a political struggle with the goal of achieving a social revolution and an equal society without class divisions. Before this could be achieved, the program advocated reforms including universal suffrage, freedoms of speech and association, gender equality, separation of church and state, free education and medicine, and a progressive income tax. It also demanded labor protections including an eight-hour working day and the prohibition of child labor. The Erfurt Program was SPD's official program until 1921, when it was replaced by the . The program The program declared the imminent death of capitalism ...
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German Federal Election, 1890
Federal elections were held in Germany on 20 February 1890.Dieter Nohlen & Philip Stöver (2010) ''Elections in Europe: A data handbook'', p762 The Centre Party regained its position as the largest party in the Reichstag by winning 107 of the 397 seats, whilst the National Liberal Party, formerly the largest party, was reduced to 38 seats. Contemporaries remarked on the striking increase in the vote share of the Social Democratic Party. However, despite receiving the most votes, the Social Democratic Party won only 35 seats. Voter turnout was 71.5%.Nohlen & Stöver, p774 Campaign This was the first general election during the reign of Emperor Wilhelm II. As such, it was marked by the conflict between the new Emperor, who unlike his grandfather Wilhelm I involved himself in day-to-day politics, and Chancellor Otto von Bismarck. At this time, the Emperor's primary concern was improving relations with the working classes. At the beginning of February, opposed by Bismarck who ...
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German Federal Election, 1881
Federal elections were held in Germany on 27 October 1881.Dieter Nohlen Dieter Nohlen (born 6 November 1939) is a German academic and political scientist. He currently holds the position of Emeritus Professor of Political Science in the Faculty of Economic and Social Sciences of the University of Heidelberg. An ex ... & Philip Stöver (2010) ''Elections in Europe: A data handbook'', p762 The Centre Party became the largest party in the Reichstag, with 100 of the 397 seats, whilst the National Liberal Party, which had previously been the largest party, was reduced to 45 seats. Voter turnout was 56.3%.Nohlen & Stöver, p773 Results Alsace-Lorraine References {{German elections Federal elections in Germany 1881 elections in Germany Elections in the German Empire October 1881 ...
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